Bloomberg News

IMF Says ‘We Stand Ready to Continue Our Support for Greece’

June 16, 2011

(Updates with quote from IMF statement in second paragraph.)

June 16 (Bloomberg) -- The International Monetary Fund said it is ready to continue supporting Greece if the economic measures agreed upon as part of a bailout package with the European Union are adopted.

“We stand ready to continue our support for Greece subject to adoption of the economic policy reforms agreed with the Greek authorities,” Caroline Atkinson, the director of IMF external relations, said in an e-mailed statement today.

“Progress is being made in the discussions to ensure the full financing of the program, and we anticipate a positive outcome on this at the next Eurogroup meeting,” she said.

She also said that the IMF board will still have to approve the “conclusions of the pending program review.”

--Editor: Kevin Costelloe

To contact the reporter on this story: Sandrine Rastello in Washington at srastello@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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