The Hellenic Republic Asset Development Fund (HRADF) announced on Monday that six consortiums had expressed an interest in a 66 percent stake in Greece’s natural gas transmission operator DESFA.
Following the executive board meeting on July 20 that approved in principle the precautionary Stand-By Arrangement (SBA) for Greece, the International Monetary Fund published its updated Debt Sustainability Analysis, which includes the relief measures that were agreed in the June 15 Eurogroup.
From the start of Greece’s third European Stability Mechanism, programme in the summer of 2015, the International Monetary Fund had been calling for realistic assumptions in the assessment of Greece’s debt sustainability.
Greece’s long-term growth potential was one of the main points of contention as the International Monetary Fund and the Greece’s eurozone creditors were attempting to bridge their differences on debt sustainability to ensure the conclusion of the review and the Fund’s participation in the programme.
In the early hours of Friday morning in Greece, the International Monetary Fund’s executive board approved “in principle” at a meeting in Washington a precautionary Stand-By-Arrangement (SBA) for Greece of approximately 1.6 billion euros.
The second review's compliance report provided an update on the programme's financing by the end of August 2018 as well as on arrears’ clearance, while also commenting on the fiscal performance in 2016.
The list with the second group of state owned enterprises (SOEs) that will be transferred to the new privatisation and investment fund (HCAP) was revealed in the technical MoU by the EC on Friday.
The updated debt sustainability analysis (DSA) was included in the compliance report of the second programme review published by the European Commission (EC) on Friday afternoon.
Finance Ministry details impact of pension interventions, sees 2021 social budget surplus at 3.17 bln
The Finance Ministry tabled a legislative improvement in the multi-bill with prior actions, presenting the impact of the 2015-2016 social security fund interventions up to 2021.
The government tabled in Parliament on Saturday night the Medium-Term Fiscal Strategy (MTFS) for 2018-2021 as the last article in the 275-page multi-bill containing the measures needed for the conclusion of the second programme review.