International Monetary Fund
IMF approves new, non-financial advisory program for Serbia
Tanjug is reporting that this was announced by the National Bank of Serbia (NBS).
Backed by the Policy Coordination Instrument (PCI), the new program of cooperation will build on the precautionary standby arrangement successfully completed by Serbia in February this year, the NBS is quoted as saying.
Our unpredictable neighbor
Turkey knows that the door to Europe has closed for good as far as it is concerned. The political situation in the European Union leaves no room for such illusions and has hastened the "moment of truth" many were waiting for. Recep Tayyip Erdogan's domestic policies are not making the situation any easier, of course.
- Read more about Our unpredictable neighbor
- Log in to post comments
Bosnia's Pre-Election Pay Hikes Worry IMF
The International Monetary Fund is conducting an analysis of Bosnia's increased public spending and whether it will affect the agreement that the country has with the IMF.
It is expected to set up meetings with Bosnian officials once the analysis is complete. Regional TV station N1 reported that the meetings might be held next week.
- Read more about Bosnia's Pre-Election Pay Hikes Worry IMF
- Log in to post comments
German parliament approves Greece debt-relief package
The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close.
Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greece's European creditors and the International Monetary Fund agreed on last week. There were seven abstentions.
IMF chief lauds review completion, concerned about long-term debt
Christine Lagarde, Managing Director of the International Monetary Fund, commended Greece and its European partners for completing the country's final bailout review and but expressed reservations about the long-term outlook for the country's debt.
Below is the full statement by Lagarde:
EU official confident Eurogroup will reach comprehensive solution for Greece
A senior European Union official on Tuesday expressed optimism that a Eurogroup meeting on Thursday will reach a comprehensive agreement on the completion of Greece's fourth program review, debt relief and post-bailout supervision.
Greece to get up to 15 billion euros after third bailout, says German official
Greece will likely get up to 15 billion euros for stabilization after its third bailout program ends in August so it does not have to borrow from the market, a senior German government official said on Tuesday.
The money will be taken from unused funds made available in Greece's bailout, the official said.
Scene is set for a Eurogroup agreement
The possibility of a comprehensive agreement at Thursday's Eurogroup is in the hands of Greece's creditors, and especially of Germany, as Greece is fulfilling the last few milestones needed to wrap up the fourth bailout review, which are mainly of a technical nature.
- Read more about Scene is set for a Eurogroup agreement
- Log in to post comments
No market passport from the IMF
Eurozone authorities are seeking ways to offset the International Monetary Fund's abstention from the Greek program, as it again became apparent on Friday that it will be particularly difficult for the IMF to unreservedly issue Greece with a passport to the money markets.
- Read more about No market passport from the IMF
- Log in to post comments
IMF to stay out of Greek funding
Euro Working Group chief Hans Vijlbrief appeared on Wednesday absolutely certain there will be a total agreement at next Thursday's Eurogroup, although the International Monetary Fund will not participate in the Greek program with any funds.
- Read more about IMF to stay out of Greek funding
- Log in to post comments