Hungary - Financial Sector and Macro Stability Loan (DPL)

Abstract*

The objectives of the Financial Sector and Macro Stability Policy Loan Program for Hungary are fourfold and include: (a) support to fiscal reforms designed to ensure long-run fiscal and macroeconomic sustainability and restore investor confidence, improving access of the government, banks and the corporate sector to external funding; (b) support to the financial stability program, designed to ensure adequate levels of liquidity and healthy capital... Show More

Development Objective

The objectives are fourfold and include: (a) support to fiscal reforms designed to ensure long-run fiscal and macroeconomic sustainability and restore investor confidence, improving access of the government, banks and the corporate sector to external funding; (b) support to the financial stability program, designed to ensure adequate levels of liquidity and healthy capital cushions, able to absorb the effects of the international crisis and the contraction of economic activity, (c) support to pension reforms designed to preserve adequate benefits while tightening eligibility criteria and containing expenditures to improve the sustainability of the pension system; (d) cost containment and deficit prevention in the health sector while ensuring access to care.

Key Details

Project Details

Project ID
P114991
Status
Closed
Team Leader
John Daniel Pollner
Borrower 2
N/A

Country
Hungary
Disclosure Date
August 10, 2009
Approval Date
(as of board presentation)
September 22, 2009
Effective Date
N/A

Total Project Cost 1
US$ 1413.21 million
Implementing Agency
N/A
Region
Europe and Central Asia
Fiscal Year 3
2010

Commitment Amount
US$ 1413.21 million
Environmental Category
N/A
Last Update Date
January 15, 2013
Closing Date
November 24, 2010

Last Stage Reached
BANK APPROVED

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Economic Policy

FY17 - Fiscal Policy14%
- FY17 - Fiscal sustainability14%

FY17 - Human Development and Gender

FY17 - Health Systems and Policies10%
- FY17 - Health System Strengthening10%

FY17 - Private Sector Development

FY17 - Business Enabling Environment17%
- FY17 - Regulation and Competition Policy17%

FY17 - Public Sector Management

FY17 - Public Administration28%
- FY17 - State-owned Enterprise Reform and Privatization28%
FY17 - Public Finance Management14%
- FY17 - Debt Management14%

FY17 - Social Development and Protection

FY17 - Social Protection17%
- FY17 - Social Safety Nets17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
International Bank for Reconstruction and Development	1413.21

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	1413.21
IDA Commitment	N/A
IBRD + IDA Commitment	1413.21

Lending Instrument
Grant Amount	N/A
Total Project Cost**	1413.21

Summary Status of World Bank Financing (US$ Millions) as of February 28, 2025

No data available.

Detailed Financial Activity as of February 28, 2025

Download:

Period	Financier	Transaction Type	Amount (US$)
Sep 22, 2009	IBRD-78000	Loan Commitment	1,413,209,980.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Progress towards achievement of PDO	Satisfactory	2010-10-18
Monitoring and Evaluation	Satisfactory	2010-10-18
Program Management	Moderately Satisfactory	2010-10-18
Overall Implementation Progress (IP)	Moderately Unsatisfactory	2010-10-18

COMPLETION RATINGS