Despite deep cuts having been made in state spending in Greece, the International Monetary Fund’s (IMF) managing director Christine Lagarde has revealed that it wasn’t on account of the Fund.
Speaking to reporters on Thursday in Washington DC, where she is taking part in meetings between the IMF and WB Group, she said the IMF never asked Greece to make additional cuts in recent times, rather stating that the country had exceeded their expectations.
She did restate the IMF’s continued recommendation to Greece however, to continue with structural reform.
When asked about whether the Fund would be active in Greece’s post-bailout phase, Ms Lagarde didn’t comment.
Meanwhile, Eurogroup chief Mario Centeno, who is also in Washington, quashed any rumours of Greece extending its bailout program by two months, clarifying that Greek authorities are focused on exiting the program.