By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Christine Lagarde, managing director (MD) of the International Monetary Fund (IMF) said on Sunday Greece has made commitment to repay its loan owed to the global lender this week.
Greece is expected to repay an IMF instalment of €460 Million on April 09, amid concerns ahead of the talks with Yanis Varoufakis, Minister of Finance for Greece that the government may chose to meet its pension and wage obligations over the loan repayment.
“Minister Varoufakis and I exchanged views on current developments and we both agreed that effective cooperation is in everyone’s interest. We noted that continuing uncertainty is not in Greece’s interest and I welcomed confirmation by the Minister that payment owing to the Fund would be forthcoming on April 9th.
“I expressed my appreciation for the Minister’s commitment to improve the technical teams’ ability to work with the authorities to conduct the necessary due diligence in Athens, and to enhance the policy discussions with the teams in Brussels, both of which will resume promptly on Monday. I reiterated that the Fund remains committed to work together with the authorities to help Greece return to a sustainable path of growth and employment.” Lagarde said.
