BUDAPEST: Hungary will repay its loans from the International Monetary Fund this summer, months earlier than was planned, Prime Minister Viktor Orban said on Saturday.
Most of the 2.1 billion euros ($2.8 billion) that remains to be paid from the 20 billion borrowed from the IMF during the 2008-2009 global crisis matures in 2013, and the rest next year.
"Yesterday I told the Economy Minister that we will prepay the entire amount to the IMF this summer," he said in a speech at a conference in the Romanian town Baile Tusnad, broadcast by the Hungarian television channel HirTV.
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