Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

IMF Says Implementation Is Key for Greek Payment to Go Through

Don't Miss Out —
Follow us on:

Nov. 29 (Bloomberg) -- The main challenge for a disbursement under a Greek bailout package is the implementation of measures agreed to by Greece and finance ministers of the euro region, including a buyback of Greek bonds, an International Monetary Fund spokesman said.

“We believe this is a significant and concrete package that can put Greece’s debt back on a sustainable path,” IMF spokesman Gerry Rice told reporters in Washington today. “We have welcomed this but of course its success requires both Greece and the European partners to fully implement their commitments.”

Rice said IMF Managing Director Christine Lagarde would be in a position to recommend a disbursement of the Greek loan if the debt buyback is implemented. He declined to say what the IMF would consider a successful completion of the bond buyback.

Rice said that the IMF expects the bond buybacks to be completed by Dec. 13.

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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.