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IMF managing director Ms. Christine Lagarde. Photo EPA/BGNES
The International Monetary Fund (IMF) said on Monday it was ready to help Greece – if asked to do so – following the referendum that rejected the bailout-for-reforms deal proposed by international creditors.
"The IMF has taken note of yesterday’s referendum held in Greece,” the managing director of the IMF, Christine Lagarde, said in a statement posted on the IMF website.
“We are monitoring the situation closely and stand ready to assist Greece if requested to do so."
Greeks rejected the latest proposed international bailout deal by 61.3% to 38.7% in a referendum held on Sunday.
Greece failed to repay about EUR 1.5 B in debt owed to the IMF 30 June. To date, Greece has EUR 21.2 B in outstanding obligations to the IMF.
Greece’s failure to make the repayment when due means the country can no longer receive financing from the IMF under the existing extended arrangement of EUR 28 B approved in March 2012 and the IMF will not approve new financing to Greece until it clears its arrears, the global lender said earlier.
The International Monetary Fund (IMF) has urged governments to prepare for potentially unprecedented economic challenges as the conflict in the Middle East escalates.
Ukrainian President Volodymyr Zelensky is expected to present a roadmap for holding presidential elections on February 24, together with a proposal for a nationwide referendum on a potential peace agreement with Russia.
The Managing Director of the International Monetary Fund, Kristalina Georgieva, emphasized that Bulgaria’s economy continues to perform strongly despite ongoing political uncertainty.
The National Assembly rejected President Rumen Radev’s request to hold a referendum on whether Bulgaria should adopt the euro in 2026
Christine Lagarde announced that only one month remains before Bulgaria officially joins the eurozone, noting that the new Bulgarian euro coins will begin circulating across the monetary union from January 1, 2026
The International Monetary Fund has indicated that Bulgaria’s flat tax system may not be sufficient to sustain growing demand for quality public services
Bulgargaz has submitted a proposal to raise the price of natural gas by 5.12% for April. Should the Energy and Water Regulatory Commission (EWRC) approve the request, the commodity would be sold at EUR 34.27 per megawatt-hour, excluding additional costs f
The Fiscal Council has assessed that a 25% surge in global oil prices would constitute a moderate external shock for Bulgaria, primarily impacting the economy through higher energy import costs, rising inflation, and a potential slowdown in external deman
While attention has focused on oil and LNG tankers blocked in the Strait of Hormuz, the war in Iran is creating a quieter but equally alarming threat: disruptions to global fertilizer shipments and food imports
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria’s state fuel reserves are sufficient to cover normal consumption for the next 90 days, but domestic fuel prices continue to climb amid the ongoing military conflict in the Middle East
Acting Prime Minister Andrey Gyurov highlighted the strategic importance of energy infrastructure for the European Union during a meeting in Paris with other European leaders, convened at the invitation of French President Emmanuel Macron.
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