The decision on the matters of whether the tax-free threshold will be put into effect from 2019 or 2020 and if a series of positive countermeasures would be implemented by the Greek government was referred by the institutions in Washington to the meeting between Greek Finance Minister Euclid Tsakalotos and the Troika in May.

The Eurogroup might have approved the tranche for Greece on Monday, but celebrations by the Greek government were quickly mitigated ahead of talks over the pending prior actions, the 4th review, the debt relief, and the new supervision, according to sources from Brussels. Reports suggest the IMF is preparing to make tough demands on Greece.

Amid increasing scenarios that the IMF is considering participating in the Greek bailout programme, Prime Minister Alexis Tsipras is meeting with IMF Chief Executive Christine Lagarde in Davos, Thursday.