Displaying items by tag: imf

IMF directors have approved plans to allow distressed sovereigns seeking IMF assistance to re-profile debt maturities without changing other contract terms, after Greece's experience.

Today in Luxembourg, Greece's new Finance Minister Gikas Hardouvelis reconfirmed that the nation will have achieved all adjustment program mandates before August.

The IMF is discussing changing the rules for borrowing countries facing problems, which will provide for the extension of the maturity of the bonds held by private investors.