The International Monetary Fund Managing Director Christine Lagarde on Sunday welcomed Greece’s commitment to make the loan payment due this week.
She held informal talks with the Greek Finance Minister Yanis Varoufakis on the Greek government’s reform program.
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.
“..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,” Lagarde said in a statement following the talks.
She also commended Varoufakis’ commitment to improve the technical teams’ ability to work with the authorities to conduct the necessary due diligence in Athens, and to enhance the policy discussions with the teams in Brussels. Both efforts will resume promptly on Monday, she said.
“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,” Lagarde added.
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