Greece and lenders agree on reforms

2017-12-03 04:27:59

(MENAFN) Greece has reached an initial deal with its euro zone creditors on improvements the country needs to roll out based on it bailout program, which might prepare the country to leave the aid plan in August.

The agreement might open up new loans and drive the country ahead along the way towards a return to full market financing.

Finance Minister of Greece said: "The institutions' visit is completed; we closed the staff level agreement."

The deal between Greek officials, EU and IMF representatives on the country's fulfillment with reforms and further commitments need to be approved by the finance ministers of euro zone, which are to meet on Dec.4.

Based on the deal, Athens has to implement a wide set of reforms as part of the third review of its bailout program.

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