Greek Finance Minister and IMF Chief discuss Greek reforms in Lima

IMF Managing Director Christine Lagarde (L) and Greek Finance Minister Euclid Tsakalotos. EPA, LAURENT DUBRULE

Finance Minister Euclid Tsakalotos met with International Monetary Fund Chief Christine Lagarde in Lima, Peru, on the sidelines of the annual summit of the IMF and the World Bank.The meeting took place in a cordial climate.

Following the meeting, Tsakalotos noted that Lagarde supports efforts by the Greek government to timely complete the first evaluation that will pave the way forthe recapitalization of banks.

He stressed that discussions on debt will start after the recapitalization of banks that is scheduled, before January 1, 2016. He states that the goal is to create the right conditions for Greece to exit the crisis.

IMF sources state that Tsakalotos briefed Lagarde on recent developments in Greece, including on the country’s reform program. Lagarde is interested in working with Greek authorities to foster reform.

The following attributed to an IMF spokesperson:

“Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), met today with Euclid Tsakalotos, Greece’s minister of finance, during the IMF annual meetings in Lima, Peru. The minister briefed the Managing Director and IMF staff on recent developments in Greece, including progress in implementation of the reform agenda. The Managing Director indicated that the IMF continues to be ready to work with the Greek authorities in advancing the country’s reform agenda.”

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