Friday February 27, 2015 Search
Weather | Athens
11o C
6o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
IMF to decide on next bailout tranches

 Its report will likely avoid calling for eurozone to reach decision on lightening Greek debt for now

By Katerina Sokou

The executive board of the International Monetary Fund will meet on Friday morning, Washington time, to discuss and probably approve the disbursement of two bailout tranches to Greece, amounting to 3.5 billion euros. It is expected to be easier than similar previous meetings as Greece has made quantifiable progress, evidenced most notably in 2013’s considerable primary budget surplus.

Just like the report of the IMF mission to Greece, the fund’s board is expected to stress the need for the government to remain focused on the implementation of the streamlining program. This carries additional significance following the European elections as the main opposition party’s gains in Greece are likely to increase pressure on the government to ease up on the measures in the bailout agreement.

The IMF’s focus has now shifted from the fiscal adjustment to structural reforms that are deemed crucial “to build on recent progress,” as a source explained, and to create the conditions to strengthen growth. That will be important not only for the real economy but also in sustaining the primary surplus for the next few years, as the country will need to improve its growth prospects for the program to be implemented successfully.

The reforms considered crucial include the liberalization of the commodity, service and labor markets, so as to contribute toward attracting investment and boosting growth. In this context great emphasis will be placed on the so-called toolkit of the Organization for Economic Cooperation and Development (OECD) that was recently adopted by the Parliament.

The state’s debts to the private sector, the progress of privatizations and tax revenues will also be subjects for scrutiny. In this context the reform of the tax administration will remain high on the agenda.

The report on Greece’s debt is anxiously anticipated not only in Greece but also in Brussels, to see whether the IMF will demand that the eurozone speeds up its decisions regarding its lightening. However it appears that those in Washington are against such a decision before the publication of the stress tests by the European Central Bank this fall.

ekathimerini.com , Thursday May 29, 2014 (23:08)  
Minister says he hopes that ENFIA ends
Postponing an IMF tranche ‘means default’
Stournaras says deal must be completed
Greek bank deposits plunge to lowest point since 2005
Gov’t raises concern over payment to IMF in March
The Euro Working Group discussed Greece’s imminent funding problems on Thursday amid mounting concern about how the country will meet its obligations next months. Earlier in the day, Ministe...
More than 300 migrants released
More immigrants and asylum seekers were released from detention centers across Greece on Thursday as the government seeks to make good on a campaign pledge to close down such facilities, cit...
Inside News
SOCCER
Ten-man Olympiakos couldn´t overcome Dnipro
Olympiakos drew 2-2 with Dnipro from Ukraine at home on Thursday, playing almost the entire second half with a man down, to bow out of the Europa League, despite facing an opponent which on ...
BASKETBALL
Greens lose at Maccabi but preserve head-to-head advantage
Panathinaikos suffered its third loss in eight games at the second stage of the Euroleague going down 73-70 at Maccabi Tel Aviv on Thursday, but has preserved its better head-to-head record ...
Inside Sports
COMMENTARY
A breath of opportunity
We are still living in the Greece we know: The government is struggling to explain its retreat in the face of our creditors, the opposition (including dissidents in SYRIZA) smells blood, we ...
ANALYSIS
Having it both ways: Greece´s doublespeak to Brussels and voters
Gingerly treading between its anti-austerity promises to voters and its pledges to skeptical international creditors, Greece's new radical government is resorting to doublespeak to keep ever...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Ten-man Olympiakos couldn´t overcome Dnipro
2. Greens lose at Maccabi but preserve head-to-head advantage
3. Minister says he hopes that ENFIA ends
4. Postponing an IMF tranche ‘means default’
5. Stournaras says deal must be completed
6. Panathinaikos deducted the three points earned at the derby
more news
Today
This Week
1. The unlikely winners of Greece's surrender on euro
2. SYRIZA feeling the pain
3. Turkish jets violate Greek air space
4. Schaeuble tells MPs Varoufakis 'strains' EU solidarity
5. Merkel faces stepped-up dissent on Greek bailout among lawmakers
6. Greek bank deposits return after bailout extension
Today
This Week
1. Greece prepares extension request for eurozone approval
2. Time for Alexis Tsipras to keep his nerve
3. Stubborn but not almighty
4. Greek bailout deal faces review by euro officials next week
5. Greece says eurozone deal won time as cash bled from banks
6. The ignorance of the West about the culture of Islam
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.