WORLD

Romanian Delia Velculescu to take over as head of IMF mission to Greece

The International Monetary Fund (IMF) decided to appoint Romanian Delia Velculescu as chief of its mission to Greece; Velculescu thus replaces the current head representative of the Fund’s technical team in Greece, Rishi Goyal, AFP reports citing an IMF spokesperson.

“After more than two years as head of the IMF mission to Greece, Rishi Goyal will be assigned to other responsibilities as of this week,” the IMF spokesperson specified. Delia Velculescu is an expert economist who “has worked with the Greek team in the past years,” the IMF states, according to Agerpres.

In 2009, Delia Velculescu co-authored an IMF review of the Greek economy, and in 2013 she was the IMF representative in the team of international lenders who negotiated the bailout package for Cyprus.

This change at the lead of the IMF mission to Greece comes after the decision of the authorities in Athens to clear almost two billion euros of arrears with the Fund, thus enabling Greece to access IMF loans again.

Greek officials hope to complete by August 20 negotiations for a new credit agreement with the IMF and the European Union, which request in exchange new austerity measures.

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