Press Release: IMF Statement on Greece

IMF News, April 15, 2010

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Press Release No. 10/152
Date: April 15, 2010
Mr. Dominique Strauss-Kahn, Managing Director of the International Monetary Fund (IMF), issued the following statement:
- “Following a request by the Greek authorities, I have agreed to send an IMF team to Athens to begin discussions with the Greek authorities this coming Monday on policies that could provide the basis for Fund financial assistance, under a multi-year program, in the case that the authorities decide to ask for such assistance. The Greek decision to initiate Fund program engagement is consistent with the agreement among European leaders last weekend that financial support from members of the euro area should go hand-in-hand with IMF engagement and financial assistance.”

The statement follows a request by the Greek authorities for IMF engagement.
The engagement is framed as potential basis for Fund financial assistance under a multi-year program, contingent on the Greek authorities deciding to ask for such assistance.
The statement references an agreement among European leaders that financial support from members of the euro area should be coordinated with IMF engagement and financial assistance.

IMF Press Release No. 10/152, April 15, 2010