International development

IMF: 3.5% primary surplus target unfeasible for Greece

International Monetary Fund (IMF) Managing Director Christine Lagarde said that a 3.5% primary surplus target for the next 10 years in Greece was unfeasible. During an event within the IMF’s summer session in Washington, Mrs. Lagarde underlined that although progress had been made in Greece, the Fund had not agreed upon a program as “our [IMF] conditions had not been met”.

Serbian finance minister to attend IMF-WB spring meetings

Serbian Finance Minister will attend the traditional spring meetings of the IMF and the World Bank in Washington DC, the Serbian government has announced.

According to a statement, the April 20-23 gathering will bring together the world's financial elite - governors of central banks, finance ministers and representatives of major financial institutions.

IMF: Only on board the Greek program with debt restructuring and reforms

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde said the organisation would remain on the Greek bailout program on the conditions that a debt restructuring was achieved that was in line with the Fund’s debt analysis. In an interview to three reporters of the Leading European Newspaper Association, Mrs.