The board of directors of the International Monetary Fund will convene on the 28th of May in order to discuss and approve the payment of a 3.6 billion euros loan installment to Greece.
A report in Ta Nea attributed the delay to the Greek government’s failure to fulfill certain prior actions requested by the IMF. Amongst these actions are:
- Reforms in tax administration
- Introducing a regulation so that business contracts outweigh collective contracts in shipping
- Payment of outstanding debts towards DEI
- Further deregulating “closed professions”, such as mechanics and geotechnicians
- Simplifying procedures for the short-term leases of tourist villas
Most of these prior actions have been settled, meaning that the critical IMF board meeting in May can take place.
