United Nations

Negotiations with IMF ongoing at Ministry of Finances on budget deficit topic

The Romanian authorities and the International Monetary Fund (IMF) on Saturday morning held negotiations at the headquarters of the Ministry of Public Finances (MFP) focused on the budget deficit issue, a release from the MFP informs AGERPRES on Saturday.

Photo credit (c) Liviu SOVA / AGERPRES STREAM

PM Ponta: I exclude ending agreement with IMF, but a 0.9-pct deficit is unacceptable

Prime Minister Victor Ponta on Friday said that negotiations with the International Monetary Fund (IMF) are under way and that he does not believe the ongoing agreement will be ended, although he finds unacceptable a deficit that is 0.9-percent of the Gross Domestic Product that the IMF demands.

Credit line only open to Greece if it meets economic targets, sources say

Greece will only be able to access to a precautionary credit line, currently being discussed between Greek government officials and their eurozone counterparts, if the country finds itself locked out of capital markets, according to sources in Brussels where a European Council summit was in progress on Friday.

IMF urges Greece to maintain financial lifeline

The International Monetary Fund urged Greece on Thursday to maintain a financial lifeline with the crisis lender even as it nears exiting the $300 billion IMF-EU-European Central Bank bailout program.

IMF Managing Director Christine Lagarde acknowledged Athens's stated desire for an early exit of the rescue program, which had imposed harsh austerity and reforms on the country.