Hungary to win seat in IMF board

Tokyo, October 13 (MTI) – European states have officially started a process to open a seat for emerging markets in the International Monetay Fund executive board and Hungary is among those that will win a mandate, Dow Jones reported on Saturday.

Belgium and the Netherlands announced at the IMF and World Bank general meetings in Tokyo to consolidate their two seats into one.

 

The move will allow Turkey, the Czech Republic, Hungary and Austria to get a seat on a rotational basis every few years.








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