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IMF

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...

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...

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...

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...

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...

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...

Next ECB President Lagarde In Favor of Reducing Greece's Primary Surplus Targets

Christine Lagarde, the current Chairman of the International Monetary Fund (IMF) and the next President of the European Central Bank (ECB) suggested on Wednesday that Greece's commitment to a primary surplus target of 3.5 percent of GDP should be...

IMF Charges Tsipras' Relief Measures Are Moving in the Wrong Direction

Peter Dolman, the chief of the IMF delegation in Greece, said on Thursday that Greek Premier Tsipras' announced relief measures ''are moving in the wrong direction.'' Speaking at the third International Conference of the Economic Chamber of Greece, Dolman noted...

EuroWorking Group Approves Greece's Request for Early Repayment of IMF Loans

  According to Greece's state-run AMNA news agency, the EuroWorking group finally gave the green light on Thursday to Greece to repay part of its IMF loans early. Today's meeting of the Eurozone countries in the EuroWorking group approved the Greek...

Greece Formally Requests Early Repayment of Expensive IMF Loans

The Greek Finance Ministry sent to the European Stability Mechanism (ESM) on Monday evening the government's proposal for the repayment of part of the loans Greece has received from the International Monetary Fund (IMF). There has not yet been an...