Reza Moghadam

The US Congressional Monetary Policy and Trade Subcommittee held a hearing on Thursday to evaluate lessons from the International Monetary Fund’s (IMF) bailout of Greece in 2010 and 2012.

A top official at the International Monetary Fund (IMF) said on Tuesday there had been progress on Greece and the Fund would like to get to a situation where it could help Greece.

"Some progress has been made," David Lipton, first deputy managing director of the IMF, told reporters in Berlin. "We would like to be in a position to help Greece," he added.

[Reuters]

During IMF-World Bank meeting in Lima, Peru Christine Lagarde was asked about the Greek debt and IMF’s view on whether it is sustainable or not.

Mrs. Lagarde reiterated that the debt of Greece is not sustainable and that the position of IMF regarding Greece’s debt sustainability has not changed since last July, when it published its latest sustainability report.

International Monetary Funds (IMF) Chief Christine Lagarde arrived at the IMF headquarters in Washington shortly before midnight (Greek Time) for her meeting with Finance Minister Yanis Varoufakis. She is accompanied by Poul Thomsen, the IMF’s Director of the European Department.