Sunday, March 26, 2023
 
 

IMF to close Athens office, as Greek economy steadily recovers

- Advertisement -

The International Monetary Fund that assisted Greece throughout its international bailout process will close its Athens office in the coming months, Greek PM Kyriakos Mitsotakis said on Tuesday, after meeting with IMF Chief, Kristalina Georgieva, at IMF’s headquarters in Washington.
The Greek PM welcomed the decision adding that Greece would “continue to cooperate as a country that has emerged from the austere framework of supervision by the IMF.”
Greece completed its third bailout program in August 2018 and continues to advance its recovery under the governance of Mitsotakis and his party New Democracy that won an absolute majority in July’s elections.
“The relationship with the Fund has not always been easy, but I think we agree on some important issues, such as the need to reduce primary surpluses in 2021,” Mitsotakis said, calling European lenders to ease budget surplus targets set during the 2015 bailout.
Georgieva tweeted that IMF pledges to “continue to support Greece in its endeavour to improve growth, increase competitiveness, and further reduce unemployment and poverty”.
Greece’s fiscal process is still being monitored by the euro zone and the IMF, from which, Greek governments borrowed more than €290 billion in emergency loans during the multi-year debt crisis.
 
 
 

- Advertisement -

Subscribe to our newsletter

Latest

Africa’s porous borders promote transnational crimes rather than deeper integration

For positive continental regimes to succeed, there must be both conscious and concerted efforts, as well as political will, from all states to help eliminate transnational crimes while fostering integration across the whole of Africa through trade.

Kazakhstan’s new parliament could usher in green energy, rare earth investments

Kazakhstan held internationally monitored elections for the Mazhilis, the...

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Don't miss

Africa’s porous borders promote transnational crimes rather than deeper integration

For positive continental regimes to succeed, there must be both conscious and concerted efforts, as well as political will, from all states to help eliminate transnational crimes while fostering integration across the whole of Africa through trade.

Kazakhstan’s new parliament could usher in green energy, rare earth investments

Kazakhstan held internationally monitored elections for the Mazhilis, the...

EU-Turkey earthquake relief conference: Time to get serious

The European Union is hosting a reconstruction conference in...

Cambodia’s current government is the face of tropical Fascism

There is no hope that the authoritarianism that the world sees in places like Russia, China and Cambodia can ever be interpreted as a peaceful and benign phenomenon, or that it should be accepted by an implicit racist or discriminatory assumption that some cultures just don’t have a democratic tradition and aren’t quite capable of ever developing one.

Energy supply diversification out of Russia’s orbit is a top priority for Bulgaria

Bulgaria intends to diversify its energy resources, including supplying...

Eclipsed by Ukraine concerns, Blinken visits Turkey and Greece

After attending the Munich Security Conference on February on 17-19, US Secretary of State Antony Blinken departed for a brief regional mission to Turkey...

Biden’s choice takes the reins at the American Embassy in Athens

US President Joe Biden’s nominee as next Ambassador to Greece George Tsunis arrived in Athens May 7, a day after his career diplomat predecessor...

Kazakhstan’s president proposes Constitutional reforms referendum

Kazakhstan’s President Kassym-Jomart Tokayev proposed on April 29 holding a referendum in the Central Asian country on the draft amendments to the Constitution and...

TAP pipeline transports first 10 bcm of Azeri natural gas to Europe

The Trans Adriatic Pipeline AG has announced that a total of 10 billion cubic meters (bcm) of natural gas from Azerbaijan has now entered...

Russia’s invasion of Ukraine boosts East Med region role in EU energy security

In light of Russia’s invasion of Ukraine and EU’s renewed effort to cut reliance on Russia, the East Mediterranean could play an increased role...

EU takes action to protect European biodiversity

The European Commission said on February 9 it is taking legal steps against 15 Member States in order to step up the prevention and...

The cultural wealth of the neoclassicial buildings of the Greek city of Pyrgos

The neoclassical buildings are the evidence, the living proofs of the history of an area, often imbued with elements of local architecture but always...

Greece’s Energean sees first gas from Israel’s Karish by Q3

Energean’s floating production storage and offloading (FPSO) for the Greek company’s flagship Karish project offshore Israel is expected to be ready for sail-away by...