IMF
Business
Greece Expected to Return to Primary Surpluses in 2022
Greece will return to primary surpluses beginning in 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said in its "Fiscal Monitor Report," released on Wednesday.
The IMF based its 2020 forecasts on the...
Greece
IMF: Coronavirus Lands Record Blow to Greek Tourism, Economy
The dramatic reduction in tourist revenues in Greece caused by the coronavirus pandemic will have a deeply negative impact on current account balances, amounting to a loss of up to six percent of the nation's GDP, the International Monetary...
Economy
IMF Warns Greece Could Face The Worst Coronavirus Recession in Eurozone
The International Monetary Fund (IMF) recently presented its World Economic Outlook, in which it predicts that Greece could experience one of the worst recessions in the world due to the coronavirus pandemic.
The IMF said that Athens will see a...
Diplomacy
Greek Premier Announces Closure of IMF Office in Athens
Greek Prime Minister Kyriakos Mitsotakis announced the closure of the IMF office in Athens after meeting Kristalina Georgieva, the Managing Director of the Fund, in Washington on Tuesday.
Mitsotakis thanked Georgieva for her support of Greece and acknowledged that the...
Economy
Greece Repays Expensive IMF Loans Early
Greece has completed the early repayment of the high-interest part of an outstanding International Monetary Fund loan worth 2.7 billion euros ($2.9 billion) on Monday, the Finance Ministry announced.
The action had received the required approval from European bailout lenders...
Economy
New IMF Forecasts Adopt Pessimistic Scenario for Growth After 2021
The International Monetary Fund (IMF) published its most recent ''World Economic Outlook'' on Friday.
The new forecast of the Fund sends mixed signals about Greece's prospects, revising upward some short-term indexes while smashing the government's hopes for sustainable and strong...
Economy
European Stability Mechanism Approves Athens' Request for Early Repayment of IMF Loans
The European Stability Mechanism (ESM) on Monday approved an early partial repayment of Greece's outstanding loans to the International Monetary Fund (IMF).
At the same time it will waive Greece's obligation to simultaneously repay the same proportion of outstanding loans...
Economy
IMF Disagrees With Brussels; Sees Lower Greek Surpluses for 2019, 2020
Vitor Gaspar, the Head of the Fiscal Affairs Department of the International Monetary Fund (IMF) presented the Fund's Fiscal Monitor on Wednesday, just before its annual autumn summit in Washington.
With regard to the IMF's projections about Greece's economy, the data presented...
Economy
Greece Officially Requests Early Repayment of Expensive IMF Loans
Greek Finance Minister Christos Staikouras signed the official letters on Monday in which Greece requests to pay back to the International Monetary Fund (IMF) part of the loans it received during the financial crisis.
The letters will be sent to the...
Economy
IMF Calls for Review of Greece's High Primary Surplus Targets
The International Monetary Fund (IMF) agrees with the recent opinion expressed by Christine Lagarde in the European Parliament concerning the need to review the high primary surplus targets for Greece, IMF spokesperson Gerry Rice said on Thursday.
This view reflects...