IMF

The finance minister will represent Greece at the introductory meeting of the IMFC where the course and prospects of the global economy will be analysed.

The Greek economy is expected to grow by 3.5% this year despite the war in Ukraine, the International Monetary Fund (IMF) said its staff concluding statement of the 2022 Article IV consultation mission released on Friday.

The pessimistic predictions by Paul Thomsen and the response from Greek and European officials. The new debt sustainability analysis by the Commission and the heavy burdens from the pandemic.

Finance Minister Christos Staikouras is heading to Washington to attend the annual meeting of the International Monetary Fund (IMF) and the World Bank. On the sidelines of the meeting, the minister will meet with new IMF Managing Director Kristalina Georgieva, the next European Central Bank (ECB) President Christine Lagarde and the U.S. Under Secretary of State for Economic Growth, Energy, and the Environment, Keith Krach.

Greece will save about 75 million euros a year from an early repayment of the 2.9 billion euro IMF loan carrying a 5.13 pct interest rate.