Tell Hungary to Reach an Agreement with International Debt Relieving Organization

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Target: Resident Representative of the International Monetary Fund for Hungary, Iryna Ivanschenko

Goal: Compromise with the International Monetary Fund for much needed financial help

The country of Hungary is in financial trouble and unwilling to compromise with the International Monetary Fund’s offer to help. The International Monetary Fund (IMF) recently began preliminary talks with Hungary in the hopes of lifting them from being one of Central Europe’s most indebted countries. However, after recent criticisms of the terms put in place the IMF has yet to set a date for further rounds of aid talks.

On its website, the International Monetary Fund is described as an organization working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world. Hungary joined in 1982, and the IMF currently is comprised of 188 countries.

Originally, Hungary requested the help of the IMF after its debt rating was slashed. Hungary is in dire need of help not only to alleviate some of its accumulated debt, but to help stabilize its diminishing economy. But despite the efforts made by the IMF, Hungary will not concede certain stipulations of the agreement, rendering the IMF confused and unable to help.

In an unwarranted move, Hungary has launched an ad campaign that explicitly states it will not give in to the IMF’s demands, and will in turn raise taxes, a move that specifically goes against the recommendations of the IMF.

Sign the petition below to send a message to Iryna Ivanschenko, the Resident Representative of the International Monetary Fund for Hungary, that both Hungary and the International Monetary fund need to come to an agreement to help save what little financial stability Hungary has left.

PETITION LETTER:

Dear Representative Ivanschenko,

The financial situation in Hungary is in need of an intervention. The International Monetary Fund had been in talks with the country to devise a plan that will assist in stabilizing Hungary’s economy. However, not only is Hungary refusing to comply with the requests of the International Monetary Fund, it has publicized an ad campaign defying their recommendations.

Hungary is one of the most indebted countries in Central Europe and still needs to figure out some way to compromise with the International Monetary Fund.

Much needed aid from the International Monetary Fund with help alleviate some of the debt that Hungary has accumulated, and help to rebuild a struggling economy. Hungary must compromise with the International Monetary Fund and adhere to the terms they have been laid out in order to rebuild the economy.

Sincerely,

[Your Name Here]

Photo credit: flickr.com/aZso

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41 Signatures

  • Eric von Borstel
  • Hermann Kastner
  • Marianne Oelman
  • Mal Gaff
  • Terrie Phenicie
  • Terrie Phenicie
  • Holly Hall
  • Jutta Taraniuk
  • Melanie waleski
  • Ricki Newman
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