Transcript of a Conference Call on Greece with Poul Thomsen, Deputy Director and Mission Chief to Greece, IMF European Department and Conny Lotze, Deputy Chief, IMF Media Relations

July 13, 2011
Washington, D.C.
MS. LOTZE: Thank you very much. Good day everybody. I want to thank you for participating in this call. Hopefully you've all had access to the document on the Media Briefing Center under embargo. This call is also under embargo. Everything goes live at 11 o'clock, that's 11 o'clock Washington time, 1500 GMT, or 1800 Athens time. Please all keep to the embargo. We just want everybody to have a chance to ask questions and report on this properly.

I have Poul Thomsen here, the Deputy Director of the IMF's European Department and the Mission Chief to Greece. We will try to keep this call focused on the staff report and on the documents that you have and on Greece. So any broader questions on Europe, I would like you to restrain on those because this is really supposed to be focused on Greece. Poul is on the record of course-- starting at 11 o'clock when the embargo is lifted. I'll hand it over to Poul who will make some opening remarks and then we'll go to your questions. Thank you.

MR. THOMSEN: Thank you very much. Let me start by giving you a little introduction on the big picture of where I think the program is.

IMF Executive Board Completes Fourth Review Under Stand-By Arrangement for Greece and Approves €3.2 Billion Disbursement

July 8, 2011
The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for Greece. The completion of the review enables the immediate disbursement of an amount equivalent to SDR 2.9 billion (about €3.2 billion), bringing total Fund disbursements under the SBA to an amount equivalent to SDR 15.6 billion (about €17.4 billion).

Greece: Fourth Review Under the Stand-By Arrangement and Request for Modification and Waiver of Applicability of Performance Criteria

The following documents have been released and are included in this package
IMF - JULY 2011