IMF says it is not talking about new program for Greece

Published August 29, 2013

| Reuters

The International Monetary Fund has had no discussions with Greece about a third bailout, as the current program will continue until 2016, a Fund spokesman said on Thursday.

German Finance Minister Wolfgang Schaeuble earlier this month predicted Greece would need a new rescue plan, though he later played down talks the bailout was imminent.

Greece has already been bailed out twice since 2010 with 240 billion euros worth of agreements coordinated by the European Central Bank, European Union and IMF. But the IMF estimated last month that Greece will still have a funding gap of nearly 11 billion euros ($15 billion) in 2014-2015.

"In our next review, we'll discuss developments on that front and see where we are," IMF spokesman Gerry Rice told reporters, referring to Greece's funding needs. "The numbers of course could change in either direction."

The IMF said the next review of Greece's rescue package will take place in the second half of September, although it was unclear whether it would be before or after German elections on September 22. Further money for indebted Greece is a politically sensitive topic in Germany, the euro zone's largest economy.

($1 = 0.7496 euros)

(Reporting by Anna Yukhananov; Editing by Chizu Nomiyama)

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