HRADF outlines major privatisation plan, no timelines given
Despite speculation, post-MoU credit line seems unlikely
Lenders wait for prior actions to be completed, Athens expects 4.5-bln tranche
Conclusion of third review closer as extensive bill tabled by coalition
Omnibus bill to be tabled shortly as Athens edges to third review conclusion
Multi-bill on way as Athens aims to complete third review by Jan 22
IMF sees much scope for reform progress, particularly on tax in Article IV report
Despite the significant progress made so far, Greece faces fundamental challenges such as vulnerable public finances, notable tax evasion and ineffective tax administration, impaired bank balances sheets and pervasive structural obstacles to investment and growth, the International Monetary Fund’s Article IV consultation report concludes.
Addressing those challenges and restoring debt sustainability is of paramount importance to create a vibrant and dynamic private sector that would be capable to generate sustainable and equitable growth and employment, the IMF stresses.
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