IMF may take back seat in Greek talks with missed payment
Washington
THE International Monetary Fund (IMF) was always a secondary player in the group of creditors bailing out Greece. It's about to be pushed into an even less prominent role.
The institution was invited by Greece and European leaders to lend its financial fire-power and expertise at the height of Europe's sovereign-debt crisis. Countries such as Germany have lauded the IMF as a voice of reason at the negotiating table, even though the fund's financial contribution has been smaller than those of its creditor partners including euro-area states and, more recently, the European Central Bank (ECB).
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Abu Dhabi’s IHC to buy back up to US$1.4 billion of its shares
Dubai’s financial centre expects ‘busiest year’ as firms rush in
Israel strikes Gaza city of Rafah after evacuation order
Britain's King Charles III marks first anniversary of coronation
German deficit forecast at 1.75% in 2024, says stability council
SNP veteran John Swinney set to be Scotland’s next leader