IMF: Greece is Ready to Exit Bailout with Success

IMF: Greece is Ready to Exit Bailout with Success

Greece is ready to take the next step and exit with success the ESM program, said the International Monetary Fund (IMF) in a report Tuesday.
The Washington-based group said that Greece's reforms efforts in combination with the recent debt relief agreed upon with Eurozone partners secure it market access in the medium term. However, it goes on to warn of challenges in the future.
"The debt relief measures mitigate medium-term refinancing risks, improve medium-term debt trends, and reopen access to medium-term financing. However, this improvement in debt indicators will be hard to sustain over the long-run under what staff considers realistic assumptions on average nominal growth (around 2.8 percent) and fiscal primary balances (at most 1.5 percent of GDP), suggesting that it could be difficult to sustain market access over the longer run without further debt relief," it said.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.