IMF External Relations official on Greek debt

The Troika will focus on the Medium-Term Fiscal Strategy Programme, the process of privatisations and the utilisation of public property and the financial ability of Greek banks on a medium-term horizon, during the next assessment of the course of the Greek economy that will take place in mid-May. This was stressed by the senior adviser of the IMF’s External Relations David Holley, who clarified that the delegation of the IMF, the ECB and the EU will assess the implementation so far of what has been agreed and to what degree the targets set have been achieved.

The ratification of the loan tranche to Greece that, if the assessment is positive, will be paid in June, will be judged by the results of the assessment of May.

Speaking during the IMF’s regular briefing, Holley reiterated the Fund’s steadfast position against the restructuring of the Greek debt.

Lastly, the Fund’s official denied reports of the impending arrival of the IMF’s general director, Dominique Strauss-Kahn in Greece in May in the framework of a joint initiative with the ECB’s president, Jean-Claude Trichet and the EU’s Finance commissioner, Olli Rehn.