Any deal on Greece’s economic policies “needs to add up” and reach the objectives that have already been agreed, a spokesman for the International Monetary Fund said Thursday. Greece is in talks with European governments and the IMF over a package of reforms that would unlock a loan disbursement.
Greece needs a deal by the end of May so it can repay loans and other bills. Gerry Rice, the director of the IMF’s communications department, rejected criticism that the IMF was being inflexible in the talks, insisting that international financial agency was willing to explore all options. But in the end, “the program needs to be credible in all aspects, on the policy side, on the reforms to be implemented, and on the financing side,” Rice said.