IMF Likely to Assume ‘Advisory’ Role After Greek Bailout Ends



Nobody is discussing the possibility of extending the Greek programme after Aug. 20, Greece’s representative at the IMF Michalis Psalidopoulos has said.

Speaking to the Athens-Macedonian News Agency (AMNA) he also estimated that the IMF will probably assume the role of technical advisor, as there is no time remaining and differences on the debt between the international organization and Europe remains open.

The debt sustainability analysis to be included in the next IMF report for Greece could potentially be more flexible than a debt analysis on which the Fund’s financial contribution would depend.

Psalidopoulos believes that the improved IMF forecasts for Greece’s macroeconomic figures along with the announcement of debt relief measures by Europe will lead the Fund to render the debt sustainable in the medium term.

(Source: AMNA)