“Our expectation is that the payment will be made,” Gerry Rice, the fund’s chief spokesman, said Thursday at a regular press briefing in Washington. The fund’s longstanding policy isn’t to extend payment deadlines, and Greece would immediately be in arrears if the money doesn’t arrive, he said.
Nations that miss IMF payments are ineligible for further funds as long as they are in arrears. The lender’s procedures for dealing with overdue borrowers stretch over two years and culminate in potential expulsion from the fund’s membership.
Other major economic events of the week: (GMT00)
We shall pay particular attention to these developments.
ReplyDeleteVery helpful post, thank you!
ReplyDeleteThank you for such a useful information.
ReplyDeleteWell, Greece is still the main focus.
ReplyDeleteAlways useful to know what economic data will have impact on the day.
ReplyDeleteThank you for the relevant information!
ReplyDeleteInteresting and informative post.
ReplyDeleteVery useful information.
ReplyDelete