Greece

IMF Tells Greek Government it Must Do More To Deliver Reforms

$2.3bn bailout payment backed on Monday

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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.

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