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10.05.2017 - 21: 32

The IMF could be a creditor of Greece in the framework of the economic aid program

The International Monetary Fund (IMF) may be one of the creditors, which will have the financial support to Athens as part of the third aid program, reports AFP referring to the head of Ministry of Finance Slovakia Peter Kazimiera.

"It seems so, at last," the IMF to join the program, said Kazimierz at a meeting of the European Bank for Reconstruction and Development, to be held in Cyprus.

"We have to congratulate (head of the IMF) Kristin Lagard, that she was able to persuade the Board of Governors to make it", - said the Minister.

According to him, it is important not how much money to provide funds and technical assistance that it can provide.

IMF chief Christine Lagarde said in late April that the fund notes progress in the reforms that the Greek authorities carried out, and the mission of the organization intends to return to Athens in the near future.

In the Greek Minister of Finance Tuesday Euclid Tsakalotos he said that Athens and foreign lenders reached a final agreement on a package of reforms. The agreement concerns, in particular, labor reform, energy, reducing pensions and increasing taxes. If the Greek parliament will approve these measures, eurozone finance ministers at a meeting may 22 May to approve the transfer of funds on behalf of the European Stability Mechanism (ESM, provides the means the country) in the amount of about 7 billion euros.

Representatives of the creditors - the European Commission, the ECB, the International Monetary Fund (IMF) and the ESM - regularly assess the performance of Greece nominated her requirements. Without this it is impossible to transfer loans to the country, and without them there is a risk of Greece defaulting on obligations to other creditors. Greece - a member of the eurozone, its default could have unpredictable consequences for the currency bloc.

The second assessment by creditors of the situation in Greece as part of the third bailout program may not be completed for several months. Without the next tranche of Greece can not service a huge debt in 326 billion euros, or 180% of GDP.

A source: RIA News

Tags: Greece, the IMF, Economy, Credit

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