Tag Archives: IMF

Greece’s economic outlook has improved notably with real GDP expanding beyond its pre-pandemic trend level, the International Monetary Fund (IMF) said in its staff concluding statement of the 2023 Article IV consultation mission in Athens. Greece’s economy is expected to expand by 2.5% this year due to strong domestic demand, …

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The Greek economy is expected to grow by 2.5% this year and by 2% in 2024, significantly exceeding average growth rates of 0.7% and 1.2% in the Eurozone, the International Monetary Fund said in its World Economic Outlook report released on Tuesday. The IMF said it expected the country’s harmonised …

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The International Monetary Fund (IMF) on Tuesday revised upwards its forecast for the Greek economy this year to 2.6% from its autumn forecast of 1.8% in October 2022, and said the Greek economy was expected to grow by 1.5% in 2024 from 1.4%. The IMF, in its spring World Economic …

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Greece completed its repayment of its International Monetary Fund (IMF) debt on Monday, Greek Finance Minister Christos Staikouras announced. The dept of 7.9 billion euros in total was repaid two years earlier. the repayment started in December 2019 and the last installment of 1.86 billion was paid on Monday, state …

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As if we, Greeks, do not pay a hell of a money on energy bills, here comes our beloved International Monetary Fund recommending the imposition of a carbon tax. The IMF recommends further a gradual consolidation process with a primary surplus of 2% of GDP by 2027 In its latest …

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Greece is expected to return to primary surpluses as of the 2022 budget, the Internationla Monetary Fun d(IMF) said in its fiscal monitor report published on Wednesday. The report has registered high fiscal deficits of the general government in the entire world for 2020, especially in developed economies (up to …

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The European Stability Mechanism (ESM) gave the “green light” for the second early repayment of a Greek loan to the International Monetary Fund, worth around 3.3 billion euros. In an announcement, ESM said that the Boards of Directors of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) …

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Greece will return to primary surpluses from 2022 after reporting higher primary deficits and public debts in 2020, the International Monetary Fund said its Fiscal Monitor report released on Wednesday. The IMF based its 2020 forecasts on the belief that political interventions to manage the pandemic have led to a …

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The International Monetary Fund forecasts a nightmarish deep recession for Greece in 2020, as a result of the coronavirus pandemic. The IMF expects the Greek economy to shrink by 10% of the GDP and unemployment to jump to 22.3% In its World Economic Outlook “The Great Lockdown: Worst Economic Downturn …

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Prime Minister Kyriakos Mitsotakis announced on Tuesday evening that the office of the International Monetary Fund (IMF) in Athens will close. He did not specify when the IMF office will close, though. Mitsotakis’ announcement followed a meeting with the IMF its managing director, Kristalina Georgieva, in Washington, on Tuesday. Government …

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Greece concluded the early repayment of expensive loans from the International Monetary Fund, the country’s finance ministry said on Monday. The move allows Athens to reduce its debt-servicing costs, because IMF loans carry higher interest than Greece would now pay in the market. “The part of the loans that was …

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One of the same: Greece has made steps towards creating a more competitive and dynamic economy, the International Monetary Fund (IMF) said in a report published on Friday. However, the country “should remain on the road of reforms, to preserve a general fiscal balance and the restructuring of the banking …

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The European Stability Mechanism and the European financial Stability Facility approved the Greek request for partial early repayment of the International Monetary Fund. The EMS issued a statement on Monday: The Boards of Directors of the European Stability Mechanism (ESM) and European Financial Stability Facility (EFSF) agreed today to waive …

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Head of IMF’s Europe department “Poul Thomsen suffers from short-time memory loss,” said Syriza MP and former finance Minister Euclid Tsakalotos. He was commenting on Thomsen’s claims that the Greek government agreed to high primary surpluses targets during the negotiations in the first half of 2015. Greeks accepted the high …

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The staff of International Monetary Fund (IMF) has published the preliminary findings after paying a visit to Greece in the context of the 4. post bailout program enhanced surveillance review. Stressing that “The views expressed in the staff report and do not necessarily represent the views of the IMF’s Executive …

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Greece has officially launched the process for the early repayment of the loan to the International Monetary Fund (IMF). On Monday Finance Minister Christos Staikouras signed the letters to be sent to the European Stability Mechanism (ESM) and the Eurogroup, presenting Greece’s plan for an early repayment of part of …

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Head of the European Stability Mechanism (ESM), Claus Regling, has paved the way for reduction of the primary surplus and welcomed Greece’s intention to repay the IMF loan earlier than planned. Following the Eurogroup meeting on Friday, Regling said that if the growth rates of the Greek economy were higher …

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The International Monetary Fund (IMF) agrees with the 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 the IMF’s standing position on this issue in recent years, he …

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Greece’s finance minister will submit an official request to his eurozone peers this week for the early repayment of the International Monetary Fund (IMF). This was revealed by Prime Minister, Kyriakos Mitsotakis, during a press conference on Sunday. “The relevant request will be submitted by the finance minister to the …

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The European Union has nominated World Bank Chief Executive Officer Kristalina Georgieva as the candidate to replace Christine Lagarde as the Managing Director of the International Monetary Fund. Congratulations @KGeorgieva for being selected as European candidate to lead the IMF. In the face on rising global tensions, it is imperative …

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