The deputy spokesman of the International Monetary Fund William Murray heralded the conversion of the current Extended Fund Facility (EFF) program into the much-debated precautionary credit line (ECCL), following the completion of the current review.
Mr. Murray pointed out that the Greek authorities have not yet officially submitted any such demands, adding that this is expected to occur following the completion of the program’s review.
When asked about when the IMF mission is expected to return to Athens, the IMF spokesman estimated that a return is likely to happen in January 2015.
