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
Covid-19 leaves Greece facing 200 pct debt-to-GDP ratio in 2021, long road to sustainability
Lenders acknowledge reforms, flag up tricky fiscal path ahead
IMF sees GDP shrinking by 9.5 pct in 2020, warns about pace of fiscal consolidation
IMF outlines areas in which Greece needs further reforms, where it should apply caution
The International Monetary Fund (IMF) issued on Tuesday its first post-programme report for Greece as part of the regular monitoring cycle of assessing policies and the country’s capacity to repay the Fund.
The IMF acknowledges that the Greek economic recovery is ongoing, with GDP growth expected to accelerate further this year, but cautions that the reform momentum is slowing down, and risks to the growth trajectory are rising.
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