Economy IMF, Tsipras in ‘constructive’ talks over Greek bailout

IMF, Tsipras in ‘constructive’ talks over Greek bailout

Greek Finance Minister Yanis Varoufakis and IMF Director Christine Lagarde
Greek Finance Minister Yanis Varoufakis and IMF Director Christine Lagarde

(AA) – Greek Prime Minister Alexis Tsipras and International Monetary Fund Director Christine Lagarde have held what a spokesman has described as “constructive” discussions over the Greek bailout program.

The pair is believed to have discussed the revised terms of the bailout plan on Thursday in a phone conversation, after Lagarde had openly criticized of Greece’s reform efforts, repeatedly saying that they were not sufficiently comprehensive.

An IMF spokesman told reporters: “They had a constructive conversation that focused on next steps in taking forward the policy discussions related to the IMF’s continued support of Greece’s reform program.”

Under the revised terms of the bailout plan – which were renegotiated into a new agreement on Feb. 22 – the Greek government has until the end of March to propose economic reforms to the Eurogroup for approval. 

The Eurogroup is expected to make a formal reply to Greece’s reform proposals by Monday.

The IMF is one of the three institutions, formerly referred to as the Troika, involved in Greece’s bid to obtain the next tranche of 7.2 billion euro ($7.9 billion) in bailout funding from the Eurogroup of 19 Member States.

The other two are the European Central Bank, and the European Commission.

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