A number of tranches have been unlocked in 2016 after a successful Eurogroup review of Greece's fiscal and labor market reforms, but further disbursements depend on the stalling second evaluation.
EU and IMF negotiators have been unable to agree a deal with Athens on a legislative package that requires it to cut pensions and set a lower threshold for income tax, measures that IMF insists on.
With the next big debt repayment of $7.4 billion due in July, there is currently no urgency for Greece to secure a new batch of financial assistance. It argues Greek pensioners are already struggling to make ends meet and has continuously refused to make deeper cuts to budget financing of social welfare programs.
In its turn, the IMF has refused to invest in the third bailout program for Greece, saying the cash-strapped economy could never meet the budget surplus target of 3.5 percent.
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