IMF Director Christine Lagarde said the Fund’s board had in principle agreed to approve a “stand by loan” based on specific data. In an interview with Italian newspaper “Il Sole 24 Ore”, Mrs. Lagarde argued that Greece needed a debt restructuring for the country’s economy to become sustainable.

The return of growth and investments to Greece were key points emphasised by Greek Prime Minister Alexis Tsipras, in a one-on-one public discussion he held with former U.S. president Bill Clinton during the Clinton Global Initiative annual meeting in New York City on Sunday.

A Senior U.S. Treasury delegate spoke about how Greece's discussions with its global lenders are now focused on two pillars.