15 March, 2011
The International Monetary Fund approved yesterday the disbursement of the 4th tranche of the EU/IMF loan to Greece, amounting to €4.1 billion. In the relevant press release, the IMF states that "Greece’s economic program has made further progress toward its key objectives."
Following the Executive Board's discussion, First Deputy Managing Director and Acting Chair John Lipsky said that "overall, a measure of stabilization has been achieved."
Meanwhile at a Eurogroup Finance Ministers meeting in Brussels, George Papaconstantinou said that the "good decision
" taken by the European Council helps further Greece to proceed with its programme in promoting reforms and pursuing fiscal consolidation.
Eurogroup chairman Jean-Claude Juncker that yesterday’s meeting would delve further into the details of the agreement reached on March 11, which he termed a "good decision," adding that similar steps should be taken for Ireland.
Source: GREEK NEWS AGENDA issued by the Secretariat Genera