WASHINGTON (Sputnik) — International Monetary Fund head Christine Lagarde said in a statement on Thursday that she will propose to the Fund’s board to approve in principle a new loan package for Greece.
"I would like to announce my intention to propose to the IMF’s Executive Board the approval in principle (AIP) of a new IMF Stand-By Arrangement for Greece," Lagarde stated.
The IMF chief noted that a lot of progress has been made by the Greek government on policy reform and debt relief, but further discussions are needed.
