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With the look on the next day, the meeting of the International Monetary Fund for Greece was completed, during which the prospects for debt sustainability and the reform course that the country will follow in the next post-program era [19659002] For an hour Friday morning, the Fund's Board of Directors considered the report on Article 4 on the evolution of the Greek economy, including DSA badysis (Sustainability Debt Analysis). The results of this report will be officially released on Tuesday, July 31.
In particular, the Governing Council reaffirmed once again the medium-term viability of the Greek debt. Even though the gap between the institutions for the long-term debt outlook remains open, the European side is committed to taking all necessary measures in case of need for the period after 2032. In this context, it became clear that
Although the Article 4 report is a predictable IMF process, Fund sources have described the timing as important, as Greece is currently overseeing the program. an advance on the completion of the final ESM program in August
During the meeting, all parties acknowledged that Greece had achieved significant results. However, it was stressed that it is crucial that there is no complacency and that it is necessary for Greece to continue the reform effort and fulfill the obligations that she contracted not to lose the sacrifices that the country paid
. another key issue discussed at the meeting, as it was stressed that the situation should be adjusted as quickly as possible so that banks can contribute to the recovery of the economy by granting new loans. 59003] Finally, several views were expressed on the primary surpluses, and some participants expressed doubts about the high targets set. A common thread on this issue was the need to find the gold policy section that would achieve the fiscal targets, without compromising growth prospects and leading to a further widening of social inequalities
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