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Another crisis chapter closes, triggering final round of debt relief measures
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Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
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Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
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Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
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Latest EC review clears path towards end of enhanced surveillance process in 2022
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Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
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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