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Cablegate: Ebrd: Hungary Supports U.S. Approach On Turkey

VZCZCXRO6871
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

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