Identifier
Created
Classification
Origin
08BUDAPEST419
2008-04-24 11:45:00
UNCLASSIFIED
Embassy Budapest
Cable title:
EBRD: HUNGARY SUPPORTS U.S. APPROACH ON TURKEY
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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