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IMF’s Lagarde: Implementation of Program, Debt Relief Essential for Greece

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, met Monday in Washington with the Prime Minister of Greece, Alexis Tsipras, to discuss recent developments in Greece and key issues ahead.

The decisive implementation of Greece’s adjustment program along with debt relief is important in leading the country out of the crisis, Lagarde said.

On his part, Tsipras noted that Greece has turned a page after years of stagnation and that the efforts of its people are starting to pay off. He said that it is in everyone’s interest to wrap up the third program review as quickly as possible.

The completion of the review will allow the Greek economy to maintain its upward trend, he continued, noting that the IMF will play an important role.

At the conclusion of the meeting, IMF’s Managing Director made the following statement:

“I was very pleased to welcome Prime Minister Tsipras to the IMF today. I complimented him and the Greek people on the notable progress Greece has achieved in the implementation of difficult policies, including recent pension and income tax reforms. We had an excellent and productive meeting.

“The IMF recently approved in principle a new arrangement to support Greece’s policy program. Resolute implementation of this program, together with an agreement with Greece’s European partners on debt relief, are essential to support Greece’s return to sustainable growth and a successful exit from official financing next year. The Prime Minister and I are committed to working together towards this goal.”

Source: greece.greekreporter.com