IMF sees funding gap at 46.8 bln by 2020

The International Monetary Fund expects Greece’s funding gap in the period from 2015 to 2020 to amount to 46.8 billion euros, according to a report by German news agency DPA-AFX on Friday.

This gap includes the country’s deficit and the need to cover Greek bonds and loans maturing in that period. The sources cited by the news agency stress that this does not include any additional package that could be given to Athens, as the heads of the eurozone and the European Central Bank stated yesterday.

For 2015, the IMF calculates the total funding needs at 14.4 billion euros, with the gap expected at 6.5 billion and yet to be covered, while the requirement for 8.3 billion euros for 2016 has already been fully covered.

Meanwhile, a source close to German Chancellor Angela Merkel reportedly said on Friday that no discussion on a third program for Greece can start before April 2014.

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