IMF won't leave Greece alone: Lagarde
April 15, 2016 03:49
The International Monetary Fund will not abandon Greece as it struggles with the European Union over its bailout program, fund chief Christine Lagarde said on Thursday.
But Lagarde would not spell out just how the IMF would remain engaged, as Greece and the European Union continue to spar over the issues of economic reforms demanded of Athens and the need for debt relief from official EU lenders.
"We will not walk away. Our form of participation may vary, depending on the commitments of Greece and the undertaking of the European partners. But we will not walk away," she said.
Greece needs more financial support and relief to avoid failing again to meet its debt obligations under its third financial rescue program this decade.
But Lagarde would not spell out just how the IMF would remain engaged, as Greece and the European Union continue to spar over the issues of economic reforms demanded of Athens and the need for debt relief from official EU lenders.
"We will not walk away. Our form of participation may vary, depending on the commitments of Greece and the undertaking of the European partners. But we will not walk away," she said.
Greece needs more financial support and relief to avoid failing again to meet its debt obligations under its third financial rescue program this decade.
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