The IMF Board will need to meet again to reach the final decision to activate the programme in Greece, clarified Gerry Rice, the Press Representative of the Fund, while speaking to reporters on Thursday.
He reiterated that the decision is based on two parts: reforming progress and debt alleviation that will make debt viable. Discussions about both situations continue; when reaching the ultimate decision, we will go to the BoD of the Fund, he added.
Greece and European institutions seem to be near the end of the completion of the third ESM evaluation and we are waiting for the final announcements on Monday’s Eurogroup, he said.
“If one looks back to 2015, he will see that we have made considerable progress on the debt issue. But not all the differences have been bridged and we are working hard for a good result so that the country can pursue sustainable growth,” Mr. Rice said.
full transcript here