International Monetary Fund
Maintaining the cash buffer is among the key priorities of the Public Debt Management Agency (PDMA). This safety cushion now comes to 31 billion euros, half of which originated from the European Stability Mechanism's last bailout tranche, while the rest concerns domestic savings and cash held by state entities.
Referring to the mistakes that led to the derailment of the Greek rescue program, the International Monetary Fund's European department chief Poul Thomsen said during a speech at the London School of Economics on Monday that the previous SYRIZA-led government essentially chose austerity instead of reforms.
The Executive Board of the International Monetary Fund (IMF) today selected Kristalina Georgieva to serve as IMF Managing Director and Chair of the Executive Board for a five-year term starting on October 1, 2019. Ms. Georgieva, who succeeds Christine Lagarde, is the first person from an emerging market economy to lead the IMF since its inception in 1944.