6 Apr 2015
Greece to repay IMF on April 9 – IMF’s Lagarde
FXStreet (Mumbai) - The International Monetary Fund (IMF) Managing Director Christine Lagarde on Sunday welcomed Greece's commitment to make the loan payment due this week.
Greece is due to repay an IMF instalment of EUR 460 million on April 9. There were concerns ahead of the talks that the government may chose to meet its pension and wage obligations over the loan repayment.
Key Quotes:
"We both agreed that effective cooperation is in everyone's interest. We noted that continuing uncertainty is not in Greece's interest and I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th,"
"I reiterated that the Fund remains committed to work together with the authorities to help Greece return to a sustainable path of growth and employment."
Greece is due to repay an IMF instalment of EUR 460 million on April 9. There were concerns ahead of the talks that the government may chose to meet its pension and wage obligations over the loan repayment.
Key Quotes:
"We both agreed that effective cooperation is in everyone's interest. We noted that continuing uncertainty is not in Greece's interest and I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th,"
"I reiterated that the Fund remains committed to work together with the authorities to help Greece return to a sustainable path of growth and employment."