Exit from enhanced surveillance nears, but fiscal commitments bind Greece until 2060
Enhanced surveillance concludes, but more reforms and tougher fiscal targets lie ahead
Some tasks, risks left as Greece takes another step to exit from post-bailout surveillance
Latest EC review clears path towards end of enhanced surveillance process in 2022
Creditors give thumbs up for 10th post-MoU review, underline pandemic legacy
In 9th post-bailout review, EC sees reforms slowing due to pandemic
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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