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Hungary joined the IMF on May 6, 1982. Since joining, Hungary has requested and been approved to many IMF loans. Its quota as of 2018, is 1,940 million SDR.[1] The country has had eight loan agreements with the IMF in the past, but most recently has received only Stand-by arrangements and currently has no outstanding payments.[2] The most recent Stand-by loan arrangement has been approved in 2008 to avoid a deepening of financial market pressures of the global financial crisis and was repaid ahead of schedule in 2013.[3]