Wednesday October 28, 2020

IMF warns of further Greek funding requirement

The International Monetary Fund warned that European countries will need to provide more funds and debt relief to the country.

18th January, 2013
IMF has warned that Greece faces further funding requirement

The International Monetary Fund warned that risks to Greece’s economic reform plan remain high and said European countries will need to provide more funds and debt relief to the country.

“The program is moving in the right direction, but the challenges ahead remain enormous,” the IMF staff wrote in a report on Greece released today. “Timely delivery of Greece’s European partners’ undertakings on debt relief and financing is crucial for program success.”...

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