The International Monetary Fund stands by comments made in March, when it said that Greece may need more aid from Europe or further debt restructuring if the country’s loan program goes off track, a fund spokesman said.
The International Monetary Fund supports steps by the European Central Bank to expand liquidity while recommending consideration of more interest rate cuts by the central bank, IMF spokesman David Hawley said.
The International Monetary Fund’s mission chief to Greece is in Athens today to meet with the new finance minister and discuss where the government stands on the economic measures attached to an international bailout, an IMF spokesman said.
The International Monetary Fund won’t release the next tranche of funding for Greece under a 110-billion euro ($148 billion) package with the European Union until there is broad political support for the measures attached to the loan, a spokesman said.
The biggest drop in Egypt’s borrowing costs since the start of protests that toppled former President Hosni Mubarak last year is fuelling speculation the government will sell longer-term debt to meet financing needs.