Progress has been made in the ongoing negotiations between the Greek government and the representatives of the institutions in Brussels but “more work will be needed to narrow the remaining differences” in pensions and labour reforms, International Monetary Fund (IMF) spokesman Gerry Rice said on Thursday during a regular press conference in Washington. 

IMF’s Executive Board meeting today to discuss Article IV report on Greece as well as the updated Debt Sustainability Analysis; reportedly, these reports should set out the conditions under which the IMF could participate in the current Greek programme but no final decision on the IMF’s participation/role in the Greek programme should be expected today.