Identifier
Created
Classification
Origin
08BUDAPEST419
2008-04-24 11:45:00
UNCLASSIFIED
Embassy Budapest
Cable title:
EBRD: HUNGARY SUPPORTS U.S. APPROACH ON TURKEY
how-toVZCZCXRO6871 PP RUEHAG RUEHDF RUEHIK RUEHLZ RUEHROV DE RUEHUP #0419 1151145 ZNR UUUUU ZZH P 241145Z APR 08 FM AMEMBASSY BUDAPEST TO RUEHC/SECSTATE WASHDC PRIORITY 2851 RUEATRS/DEPT OF TREASURY WASHDC PRIORITY INFO RUCNMEM/EU MEMBER STATES COLLECTIVE RUEHTA/AMEMBASSY ASTANA 0022 RUEHKB/AMEMBASSY BAKU 0131 RUEHBW/AMEMBASSY BELGRADE 0003 RUEHSW/AMEMBASSY BERN 0107 RUEHEK/AMEMBASSY BISHKEK 0027 RUEHEG/AMEMBASSY CAIRO 0135 RUEHBY/AMEMBASSY CANBERRA 0067 RUEHCH/AMEMBASSY CHISINAU 0225 RUEHDBU/AMEMBASSY DUSHANBE 0002 RUEHKV/AMEMBASSY KYIV 0127 RUEHME/AMEMBASSY MEXICO 0073 RUEHMO/AMEMBASSY MOSCOW 0630 RUEHNY/AMEMBASSY OSLO 0099 RUEHPOD/AMEMBASSY PODGORICA 0007 RUEHRB/AMEMBASSY RABAT 0056 RUEHVJ/AMEMBASSY SARAJEVO 0281 RUEHUL/AMEMBASSY SEOUL 0034 RUEHSQ/AMEMBASSY SKOPJE 0678 RUEHNT/AMEMBASSY TASHKENT 0070 RUEHSI/AMEMBASSY TBILISI 0248 RUEHTV/AMEMBASSY TEL AVIV 0130 RUEHTI/AMEMBASSY TIRANA 0478 RUEHKO/AMEMBASSY TOKYO 0095 RUEHUM/AMEMBASSY ULAANBAATAR 0008 RUEHWL/AMEMBASSY WELLINGTON 0031 RUEHYE/AMEMBASSY YEREVAN 0122 RUEHVB/AMEMBASSY ZAGREB 1194 RUEHBS/USEU BRUSSELS
UNCLAS BUDAPEST 000419
SIPDIS
SIPDIS
STATE FOR EEB/IFD/ODF AND EUR/NCE
TREASURY FOR DO/IA/IDP
E.O. 12958: N/A
TAGS: EAID PREL TU HU
SUBJECT: EBRD: HUNGARY SUPPORTS U.S. APPROACH ON TURKEY
REF: STATE 41999
Ministry of Finance State Secretary Almos Kovacs
expressed broad agreement with the U.S. approach on
accelerated strategic review of European Bank for
Reconstruction and Development (EBRD) mandate and future
operations and subsequent consideration of a Turkish
application to be a country of operation (reftel). Kovacs
stressed that, while it is incumbent on the EBRD to make its
continued support of ex-Communist countries a priority,
Turkey could be an appropriate target for future EBRD
operations. Beyond lending, Kovacs offered that what Hungary
and neighboring countries took from their EBRD experience
included development of capital markets, easing
privatization, and helping to open and optimize economies.
In terms of Turkey, Kovacs expressed appreciation for U.S.
efforts to address this issue directly with Turkish
government officials, and readiness to cooperate in the
months to come.
FOLEY
SIPDIS
SIPDIS
STATE FOR EEB/IFD/ODF AND EUR/NCE
TREASURY FOR DO/IA/IDP
E.O. 12958: N/A
TAGS: EAID PREL TU HU
SUBJECT: EBRD: HUNGARY SUPPORTS U.S. APPROACH ON TURKEY
REF: STATE 41999
Ministry of Finance State Secretary Almos Kovacs
expressed broad agreement with the U.S. approach on
accelerated strategic review of European Bank for
Reconstruction and Development (EBRD) mandate and future
operations and subsequent consideration of a Turkish
application to be a country of operation (reftel). Kovacs
stressed that, while it is incumbent on the EBRD to make its
continued support of ex-Communist countries a priority,
Turkey could be an appropriate target for future EBRD
operations. Beyond lending, Kovacs offered that what Hungary
and neighboring countries took from their EBRD experience
included development of capital markets, easing
privatization, and helping to open and optimize economies.
In terms of Turkey, Kovacs expressed appreciation for U.S.
efforts to address this issue directly with Turkish
government officials, and readiness to cooperate in the
months to come.
FOLEY