"I am expecting an agreement in principle on Greece, subject to some technical review in next couple of weeks. But I think that Greece has put a lot of new measures through their parliament and I think that will be sufficient to meet the requirements of the group here in principle," Noonan said before the meeting.
He also affirmed that he was expecting a green light for aid allocation for Greece during the meeting.
At the same time, Noonan did not expect any decisive steps on debt relief for Greece saying that there would be discussions on the issue.
"We believe the IMF should stay in. The IMF have been an integral part of all programs up to now," Noonan said.
Last week, the Greek parliament adopted a new package of measures aimed at getting new bailout funding. The IMF reportedly called on the eurozone to free Greece from paying interest on bailout loans until 2040, but several creditors including Germany allegedly disagreed with the initiative.
The Greek debt crisis erupted in 2010 with a number of austerity packages adopted by the parliament and several bailout payments provided by the European Commission, the European Central Bank (ECB) and the IMF. The loans, however, only resulted in increasing country’s debt.
