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IMF calls for 'more progress' on Greece bailout plan

The IMF Welcomed The Brussels Meeting Where Eurozone Ministers Said They Had Made Some Progress.

PTI | Updated on: 21 Feb 2017, 08:30:12 AM
IMF (Source-Getty)

Washington:

The International Monetary Fund pitched for European countries to push ahead to reach an agreement on bailout reforms needed to unlock aid to cash-strapped Greece.

The IMF welcomed the Brussels meeting where eurozone ministers said they had made some progress in the months-old dispute, with Greece agreeing to new bailout reforms.

But the IMF, which was a partner with the European Union in the first two Greek bailouts but has not participated in the current third rescue, said it was sending back a mission to Greece but more work was needed.

"More progress will be needed to bridge differences on other important issues; and it is too early to speculate about the prospect for reaching staff-level agreement during this mission," the IMF said in a brief statement.

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First Published : 21 Feb 2017, 08:16:00 AM

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