IMF Plans 2014 Greek Debt Relief Discussions
According to International Monetary Fund Chief Press Officer Gerry Rice, its Executive Board will meet in the fifth review of the Extended Fund Facility framework assessment of Greece, in the middle of May.
This is the same IMF curriculum used in Greek financial bailouts, in collaboration with the European Central Bank and the European Commission.
At today's daily press briefing, Rice commented that the Greek debt talks will occur in the later portion of 2014. Rice praised the state's recent financial achievements and its reentry into international bond markets. He did add that "significant challenges" still remain for the country.
European Commission spokesman Simon O'Connor stated on Wednesday that Greek debt is sustainable. Rice commented on O'Conner's statement, that the debt remains at "high levels". The IMF Chief Press Officer recommended a sixth review of the EFF arrangement to be held in 2016, concerning Greece.
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