IMF comments, blog leave no doubt credible debt relief has to be agreed soon

EconomyProgramme Tags: Debt, IMF, Reforms
Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6
Photo by World Bank via Flickr https://flic.kr/p/bPr6Y6

Almost two weeks after the publication of its Article IV consultation report on Greece, including its updated debt sustainability analysis, the IMF published on Thursday evening a blog with the Fund’s perspective on dealing with sovereign debt.

It is apparent that this reference to debt relief being provided subject to credible fiscal targets being met is addressed towards Greece’s European lenders. It highlights again the high primary surplus targets that have been set, which are not accompan...

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