IMF Seen Approving Greek Loan Friday Despite Officials’ Fears

Some International Monetary Fund officials — including executive directors on the Fund’s board — fear the Greece loan program will ultimately prove unsustainable.




Despite those concerns, the IMF board is expected to approve the next tranche of loans to Greece to stem the sovereign debt crisis from spilling over into the rest of the euro zone. The IMF’s new managing director, Christine Lagarde, the former French finance minister who helped to negotiate financing for Greece, said the sovereign debt crisis was her top priority and the board would consider the loan Friday.


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WSJ