Greece and the International Monetary Fund

Greece is one of the original members of the International Monetary Fund, joining it on December 27, 1945.^[1] It has a quota of 2,428.90 million SDRs and 25,754 votes, 0.51% of the total IMF quota and votes.^[2] Greece has been represented on the IMF Board of Governors by Minister of Finance Christos Staikouras since 2019.^[2] Greece elects an Executive Director on the fund's Executive Board with Albania, Italy, Malta, Portugal and San Marino. Michail Psalidopoulos is the elected alternate director.^[3] Greece has signed two loan agreements with the IMF: a Stand-By Arrangement from 2010 to 2012 and an agreement under the Extended Fund Facility from 2012 to 2016, borrowing a total of 27,766.3 million SDR.^[4] Greece owes the IMF 6,735.64 million SDR,^[4] and is the fund's third-largest borrower (after Argentina and Ukraine).^[5] In 2018, the fund began conducting annual post-program monitoring of Greece in addition to its annual Article IV consultation.^[5]

^ "List of Members' Date of Entry". www.imf.org. Retrieved 30 November 2019.
^ ^a ^b "IMF Members' Quotas and Voting Power, and IMF Board of Governors". www.imf.org. Retrieved 30 November 2019.
^ "IMF Executive Directors and Voting Power". www.imf.org. Retrieved 30 November 2019.
^ ^a ^b "Financial Position in the Fund for Greece as of October 31, 2019". www.imf.org. Retrieved 30 November 2019.
^ ^a ^b "Greece: Economy Improves, Key Reforms Still Needed". IMF. Retrieved 30 November 2019.

[1] "List of Members' Date of Entry". www.imf.org. Retrieved 30 November 2019.

[:0-2] "IMF Members' Quotas and Voting Power, and IMF Board of Governors". www.imf.org. Retrieved 30 November 2019.

[3] "IMF Executive Directors and Voting Power". www.imf.org. Retrieved 30 November 2019.

[:1-4] "Financial Position in the Fund for Greece as of October 31, 2019". www.imf.org. Retrieved 30 November 2019.

[:4-5] "Greece: Economy Improves, Key Reforms Still Needed". IMF. Retrieved 30 November 2019.

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