IMF willing to be ‘flexible’ on Greece reform moves

The International Monetary Fund has assured Greece it is willing to be “flexible” with the reforms Athens has proposed to its creditors before much-needed bailout funds are disbursed, the Greek finance ministry said yesterday.

Greece has not received bailout funds since last August and has resorted to measures such as borrowing from state entities to tide it over. A package of reforms offered last week has yet to be approved by its EU and IMF lenders.

“[IMF chief Christine] Lagarde stressed that, in Greece’s case, the fund is willing to show utmost flexibility in the way in which the government’s reforms and fiscal proposals will be evaluated,” a ministry statement said.