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Greece

ΙMF’s Rice: Progress Made in Talks With Greece, Work Still Required

Progress has been made in the ongoing negotiations between the Greek government and the representatives of the institutions in Brussels but “more work will be needed to narrow the remaining differences” in pensions and labor reforms, International Monetary Fund...

IMF Reiterates: Lowering Greece's Primary Surplus Target After 2022 is Imperative

The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last Eurogroup meeting must be lowered, the International Monetary Fund's (IMF) spokesman Gerry rice said on...

Prospects for Successfully Concluding 2nd Review in Athens Now Good, IMF Says

The prospects of successfully concluding the second review of Greece's programme are now good but the Eurozone has to provide adequate assurances of a reliable strategy that will ensure the sustainability of Greece's debt, the International Monetary Fund (IMF)...

IMF Asks for Lower Tax-Free Threshold and Pensions

The International Monetary Fund (IMF) wants Greece to legislate a lower tax-free threshold and pensions which would be implemented in the “near future” and after the economy has started recovering, its spokesman Gerry Rice said at a regular press...

IMF Says Not Demanding New Austerities at This Time for Greece

According to International Monetary Fund (IMF) officials, IMF chief economist Maurice Obstfeld and European Department Director Poul Thomsen, the financial institution is not demanding more austerities from Greece. The IMF has taken to its blog in order to defend...

IMF Not Asking for Additional Austerity in Greece, Spokesman Gerry Rice Says

The International Monetary Fund (IMF) welcomes the adoption of short-term measures for Greece's debt but these may not be enough to make the Greek debt sustainable in the medium- and long-term, IMF spokesman Gerry Rice said during the regular...

IMF's Delia Velculescu to Return to Athens on Sept. 12

The head of the International Monetary Fund (IMF) mission in Greece, Delia Velculescu, is expected to return to Athens in mid-September, possibly on September 12, IMF spokesman Gerry Rice said during a press briefing on Thursday. He said the...

IMF Says Cooperation with Greek Government Is On a Good Trajectory

The International Monetary Fund (IMF) has had a good cooperation with the Greek government on issues concerning the current program review, its spokesman said during a press conference. Asked about the possibility of the Fund participating in Greece’s new program,...

IMF Persists in Greek Debt Restructuring in Order to Move on With Rescue Plan

After calling the Greek government to approve controversial budget cuts and financial overhauls, the International Monetary Fund (IMF) made a strong reappearance, this time putting pressure on Eurozone's leadership, asking for a detailed debt restructuring plan for Greece in order to move...

Gerry Rice: IMF does Not Expect Greece to Miss June 30 Payment

The International Monetary Fund (IMF) expects Greece to make a 1.5-billion-euro debt repayment on June 30 as scheduled, IMF spokesman Gerry Rice said during the regular press briefing on Thursday. He dismissed talk of default as "speculation" and said that...

IMF Leaves Brussels But Remains 'Fully Engaged' With Greece

After the European Union suggested that Greek Prime Minister Alexis Tsipras should stop gambling with crisis-stricken Greece's future and take the essential measures to unlock aid before the end of June in order to avoid a potential default, the International Monetary Fund (IMF) delegation...

IMF Warns Greece Over Early Exit From Bailout Program

The International Monetary Fund (IMF) expressed its opposition to the Greek government's plans to rely solely on commercial markets for financing, after Prime Minister Antonis Samaras revealed that the country might exit its bailout program ahead of schedule. In...

IMF's Loan Agreement with Greece Expires in March 2016, Says Spokesman

Greece’s loan agreement with the International Monetary Fund (IMF) expires in March 2016, the Fund’s spokesman Gerry Rice said on Thursday. Speaking at a Washington press conference, Rice said the IMF has not been officially notified by the Greek government...

IMF Approves Next Tranche of Greece's Bailout

The International Monetary Fund (IMF) approved the disbursement of a €3.41 billion installment of Greece’s bailout package on Thursday, ending six months of protracted negotiations. During its meeting, the IMF board reviewed the latest report submitted by the head of its...

IMF Stands By Its Mistakes

Days after the International Monetary Fund (IMF) admitted vastly underestimating the effects of austerity in Greece it demanded as part of a Troika of lenders putting up bailouts, an agency spokesman said officials there would still have done what...