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    Managing Director of the International Monetary Fund Christine Lagarde smiles as she leaves after a meeting of Eurozone heads of state at the EU Council building in Brussels on Monday, July 13, 2015.

    Lagarde to Propose Approval in Principle of New IMF Aid Package for Greece

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    Christine Lagarde said that she will propose to the Fund’s board to approve in principle a new loan package for Greece.

    WASHINGTON (Sputnik) — International Monetary Fund head Christine Lagarde said in a statement on Thursday that she will propose to the Fund’s board to approve in principle a new loan package for Greece.

    "I would like to announce my intention to propose to the IMF’s Executive Board the approval in principle (AIP) of a new IMF Stand-By Arrangement for Greece," Lagarde stated.

    The IMF chief noted that a lot of progress has been made by the Greek government on policy reform and debt relief, but further discussions are needed.

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