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Hungary to get $25bn rescue deal
the package, which includes $16bn from the imf, a further $8bn from the euro and $1bn from the world bank, far exceeds the $16.5bn (Â10.4bn) loan offered to ukraine on sunday .
hungary has been granted a multi-billion dollar emeasurescue package by the imf, the euro and the world bank .
foreign debt the bbc's central european correspondent, nick thorpe, sundays hungary, like other emerging markets, has been badly hit by what has been called the second wave of the financial crisis - the severe shortage of foreign currency .
imf managing director dominique strauss-kahn said it was designed to restore investor confidence and alleviate the stress experienced in recent weeks in the hungarian financial markets .
these measures would support the country's longer-term stabilization and economic restructuring, said orsalia kalantzopoulos, world bank director for central europe and baltic countries .
Generated 2008-10-31_3:48
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