IMF spokesman: To participate to Greece’ s new program the country must receive some debt relief

The International Monetary Fund (IMF) has had a good cooperation with the Greek government on issues concerning the current program review, its spokesman said during a press conference.

Asked about the possibility of the Fund participating in Greece’s new program, IMF communications director Gerry Rice reiterated the statement that for this to happen, the country must receive some debt relief.

He also said that representatives of the IMF participated in the review conducted in Athens recently, noting that the country’s last program expires next March.

Asked on the issue of bank recapitalization, Rice said the Fund will wait first for the results of the ECB’s stress tests but noted it is in everyone’s interests to ensure Greek banks are adequately capitalized.