IMF official again says time running out for Fund’s participation in Greek program

18 May 2018
163 Views

The IMF on Thursday again warned that time was running out for creditors to agree on debt relief measures, which would allow the fund to continue in the Greek program as an institutional lender.

IMF spokesman Gerry Rice was the latest Fund official to cite very tight deadlines, during a regular press briefing in Washington D.C.

He noted that while differences have been narrowed, there are still open issues that need resolution. Rice added that while Greece has achieved significant progress in terms of reforms, the debt issue remained unsolved.

The IMF, as well as the Greek side, wants debt relief measures in order to ensure that the country’s debt load remains sustainable in the long term. Conversely, several Eurozone member-states, including Germany, are weary of announcing such measures in the present phase.

You may be interested

Greek architect Costas Kondylis who changed the face of New York died
GREECE
shares22 views
GREECE
shares22 views

Greek architect Costas Kondylis who changed the face of New York died

makis - Aug 20, 2018

Costas Kondylis, one of Manhattan’s most prolific architects and a close friend of President Donald Trump, died at the age…

Fire in Amaliada: One village has been evacuated
GREECE
shares21 views
GREECE
shares21 views

Fire in Amaliada: One village has been evacuated

makis - Aug 20, 2018

A fire broke out in the Amaliada area on early Monday afternoon. An evacuation order for the village of Dafniotissa…

Erdogan says attack on economy the same as an attack on flag
WORLD
shares24 views
WORLD
shares24 views

Erdogan says attack on economy the same as an attack on flag

makis - Aug 20, 2018

The Turkish President Recep Tayyip Erdogan stated in a video message in the occasion of the Muslim Eid al-Adha festival…

Leave a Comment

Your email address will not be published.