International Monetary Fund spokesperson William Murray discussed the role of the IMF in the 86 billion euro cash-for-reforms Greek bailout.
During a press conference on Thursday, Murray noted that there needs to be “substantial” debt relief toward Greece before the IMF can join in on the new program. On the other hand, Greece must also demonstrate that it is applying the agreed measures prescribed by the program.
The comment from the IMF official comes after uncertainty over the IMF’s participation in the Greek bailout program has ensued following the fund’s insistence since early July, that there be a Greek debt haircut.
“We still remain engaged with the interim government at the technical level and we’re going to work with the new government … as soon as that new government is ready to re-engage with us on policies,” Reuters quoted Murray as saying.
Murray did not discuss the effects of the September 20 Greek snap elections on the bailout program and noted that the IMF does not comment on ongoing political developments.
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