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IMF to shut down Athens office after ten years

Christian Fernsby ▼ | January 8, 2020
The International Monetary Fund will soon be shutting down its local bureau in Athens in a move signaling Greece's readiness to leave behind a decade marked by financial crisis.
IMF Managing Director Kristalina Georgieva
Greek economy   IMF Managing Director Kristalina Georgieva
Greek Prime Minister Kyriakos Mitsotakis announced the decision yesterday after meeting with IMF Managing Director Kristalina Georgieva in Washington.

Topics: IMF Athen

“We look forward to a whole new chapter in our relationship, a relationship of positive cooperation,” Mitsotakis said. Stating he welcomed the decision to close the IMF office in Athens in the coming months, Mitsotakis said Greece would “continue to cooperate, but as a country that has come out of this strict IMF surveillance framework.”

Athens completed its third bailout program in August 2018 after receiving some €290 billion in emergency loans over eight years from the eurozone and the IMF — the biggest bailout for a debtor in recent history.