The International Monetary Fund (IMF) managing director, Christine legarde said in a statement that Hungary called for a financial support from the IMF and the European Commission.

The IMF has received a request from the Hungarian authorities for possible financial assistance. The authorities have sent a similar request to the European Commission and indicated that they plan to treat as precautionary any IMF and EC support that could be made available, the statement said.

The IMF team currently in Budapest will now return to Washington for consultations with the IMF's management and the Executive Board. Discussions on the 2011 Article IV will be concluded at a later stage, it added.