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Lagarde: IMF Team to Head to Greece As Soon As Government is Formed

The International Monetary Fund (IMF) will send a team to Greece to review the country’s stumbling rescue program as soon as a new government is formed, IMF managing director Christine Lagarde said Tuesday.
“We will wait until a government is announced,” Lagarde said according to AFP at the G-20 summit in Mexico΄s Los Cabos seaside resort, and two days after Greeks voted in their second national election in six weeks.
“As soon as a government is announced, I will send a team of our experts to Greece. I΄m sure that the two other members of the troika will do that as well,” she said, referring to the European Commission and the European Central Bank.
“I think it΄s in everybody΄s interest to move fast, because we have been delayed by the electoral process. “And we will see on the ground, in the field, with the administration … what progress has been made, whether there are shortfalls, what needs to be addressed as a matter of priority.”
Lagarde made no mention of renegotiating terms. She said that the IMF team first needs to report back to the IMF management and board.
“We will continue to operate on that basis of real facts. That΄s what we need to do first,” she said.
(source: AFP, Capital)

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