IMF Tells Greek Government it Must Do More To Deliver Reforms

$2.3bn bailout payment backed on Monday


The International Monetary Fund (IMF) says Greece needs to take more action to promote growth and deliver promised structural reform.

On Monday it backed the next payment of 1.7bn euros (£1.5bn: $2.3bn) after its fourth review of the country.

But now it says Greece must deliver "rapidly on structural reforms to unlock growth and create jobs",

It also pointed to a potential 10.9bn euros "financing gap" over the next two years.

Greece was granted a huge 110bn euro (£93bn; $145bn) IMF/EU bailout in May 2010.