IMF Is Taking Stock of Greek Austerity Policies, Hawley Says

The International Monetary Fund’s mission chief to Greece is in Athens today to meet with the new finance minister and discuss where the government stands on the economic measures attached to an international bailout, an IMF spokesman said.

IMF’s Poul Thomsen and his counterparts from the European Commission and the European Central Bank are in Athens “to take stock of developments and the government’s current take on the program,” David Hawley told reporters in Washington today.

Hawley said there is no date yet for an IMF board meeting to authorize the disbursement of a new tranche under the IMF share of the international loan.

Asked what it takes for the board to approve it, he said that “the board has to be satisfied that the program is on track and that it is adequately financed,” a condition that applies to all loans.

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

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net