July 20, 2017
- Arrangement approved in principal, meaning it will become effective only after assurances from European partners on Greeces debt sustainability
- Greeces economic program focuses on policies to restore macroeconomic stability in the medium run and facilitate market access
- Program aims to rebalance budget toward more growth-friendly and socially-inclusive policies in the long run
The Executive Board of the International Monetary Fund (IMF) today approved
in principle an SDR 1.3 billion (about 1.6 billion, or US$1.8 billion, 55
perc…
Read the full article at: http://www.imf.org/en/News/Articles/2017/07/20/pr17294-greece-imf-executive-board-approves-in-principle-stand-by-arrangement