Brazil did not support IMF aid payment for Greece

WASHINGTON (AP) — A member of the International Monetary Fund Executive Board is not backing the latest bailout payment for Greece.

Paulo Nogueira Batista of Brazil, one of 24 board members, said Wednesday the IMF’s latest report on Greece cited risks that it may not be able to repay its IMF loans if its recovery program falls off track.

Batista abstained from the board vote approving the $2.29 billion payment. Though Batista represents a bloc of 11 mostly Latin and Central American countries, he said his abstention did not reflect the bloc’s view and was his own opinion as a board member.

He said Greece’s implementation of austerity measures — conditions of its bailout — has been “unsatisfactory in almost all areas” and assumptions about growth and debt sustainability “continue to be over-optimistic.”

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s