Tag: IMF

IMF forecasts a 4.1% growth rate for Greece in 2021
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IMF forecasts a 4.1% growth rate for Greece in 2021

Panos - Oct 14, 2020

According to data released in the IMF’s World Economic Outlook in Washington on Tuesday, Greece will see a 4.1% growth rate in 2021, following a 9.5% recession in 2020.…

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Cyprus gets Eurozone OK for early repayment of IMF…

Panos - Feb 07, 2020

The euro zone’s bailout fund agreed on Thursday to Cyprus repaying 6.3 billion euros ($6.9 billion) of costly loans from the International Monetary Fund, so that the…

ESM allows Greece early payment of expensive IMF loans
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ESM allows Greece early payment of expensive IMF loans

Panos - Oct 29, 2019

The euro zone’s rescue fund, the European Stability Mechanism (ESM), agreed on Monday to allow Greece to pay back early part of the loans to the International…

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IMF’s Rice: Up to Euro partners to take next step for premature payment of Fund loan by Greece

Panos - Jun 14, 2019

An IMF spokesman on Wednesday clarified that European partners must take the next step if Greece insists on paying off a more expensive loan extended by the…

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IMF’s shocking admission: We delayed restructuring of Greek debt to save Euro Banks

Panos - May 22, 2019

The International Monetary Fund’s Executive Board acknowledged serious failures and omissions on its part in the implementation of several programs, including that of Greece during the period…

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Greece submits request to ESM for early repayment of the IMF

Panos - Apr 23, 2019

Greece has submitted a formal request to the European Stability Mechanism for the early repayment of IMF loans, according to a finance ministry source, paving the way…

Early May crucial period in Athens’ effort to repay IMF loans early
GREECE
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GREECE
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Early May crucial period in Athens’ effort to repay IMF loans early

makis - Apr 22, 2019

Greece is expected to top the agenda at the next Eurogroup meeting on 14 May and the preparatory Euro Working Group that will precede it on 2…

IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off
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FINANCE
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IMF projects a 2.4% rise in Greek GDP in 2019 before it drops off

makis - Apr 09, 2019

The International Monetary Fund is optimistic about Greece’s growth rate and the prospects of its economy for 2019, warning, however, that the global economy is at a…

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IMF report: Greece aims to pay off 60% of debt to Fund

Panos - Mar 15, 2019

The IMF's country report on Greece this week confirms that the Tsipras government intends to pay off as much as 60 percent of its debts to the…

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IMF: Greek economy need even a new memorandum

Panos - Mar 13, 2019

The International Monetary Fund (IMF) sees multiple dangers that could derail the Greek economy, mainly due to judicial decisions regarding the memoranda and the pension cuts. The…

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IMF on Greece: Increased growth, but also risks

Panos - Jan 28, 2019

The IMF forecasts increased growth and employment in Greece for 2019, although the Fund calls for a greater reduction in taxes and stepped up efforts to deal…

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IMF: Suspension of pension cuts measure an issue between Athens, Europeans

Panos - Nov 16, 2018

An International Monetary Fund (IMF) spokesman on Thursday again reiterated that the Fund is now restricted to an advisory role in the post-bailout Greek program, while it…

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IMF upgrades Cyprus’ growth projection

Panos - Oct 10, 2018

The International Monetary Fund (IMF) has significantly upgraded its projections on the Cypriot economy’s growth for the years of 2018 and 2019 at the World Economic Outlook…

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IMF revises Greece’s 2019 growth rate upwards

makis - Oct 09, 2018

The International Monetary Fund has revised Greece’s short-term growth forecasts upward while lowering medium-term forecasts in its October 2018 World Economic Outlook. The report will be published…

GREECE
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IMF stands by position that pending social security cuts in Greece necessary

Panos - Sep 21, 2018

The IMF reiterated on Thursday that a scheduled social security spending reduction in Greece, set for January 2019, will improve the country's prospects and send a "strong…

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IMF: Greek debt relief measures favorable for mid-term; long term sustainability still uncertain

Panos - Aug 01, 2018

The Eurozone's recent debt relief measures for Greece improved the country's debt sustainability in the medium term, although the latter remains uncertain in the long term, the…

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IMF meeting in Washington to decide on Greek debt sustainability

Panos - Jul 27, 2018

After the disappointing news from the European Central Bank President, Mario Draghi, yesterday who ruled out the inclusion of Greece in the quantitative easing (QE) and the…

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IMF recommends against backsliding on Greek labor sector reforms

Panos - Jul 20, 2018

The IMF continued to toe a strict line vis-a-vis the Greek program, nearly a month before the third and last bailout ends on Aug. 21, with the…

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IMF auditor: High fiscal targets threaten Greek econ growth; Vijlbrief: Pension cuts to proceed

Panos - Jul 09, 2018

Greece's top finance ministry leadership heads to the US this week in search of much-needed investments in the thrice bailed-out country, as two stops are on the…

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IMF delegation in Athens ahead of report on Greek economy, sustainability of debt

Panos - Jun 26, 2018

Officials of Greek ministries involved in the ongoing bailout program met on Monday with IMF experts that arrived in Athens, as the Fund's delegation is in Greece…