However, also emphasized that the high unemployment in many countries continued to threaten a sustainable recovery after the deepest global recession since the end of World War II.
debt crisis in Greece has been the dominant theme in discussions this weekend among finance officials of the major economies of the world.
panel that sets policy for the International Monetary Fund cited indications that the recovery is gaining strength, but also noted the difficulties that lie ahead, in areas such as increasing government debt and persistent unemployment. The IMF is formed by 186 nations.
“The worst appears to be over, but not yet reached the goal,” said Egyptian Minister of Finance Youssef Boutros Ghali, chairman of the panel IMF, told reporters.
Finance officials from the United States and other nations on the board of directors committed to the IMF to deal with the situation.
final statement issued after the committee meeting did not mention the problems of Greece, and the director of the Fund was denied in a press conference to provide specific answers about a potential loan to Athens. Dominique Strauss-Kahn said he would have to wait until the end of negotiations between the European Union, IMF and the Greek government.
Strauss-Kahn tried to soften the growing anger among the population Greek about the austerity measures that could address the economic reforms demanded by the Fund in exchange for financial support.
“Greek citizens should not fear the IMF,” he said. “We”re here to help.”
Greek Finance Minister George Papaconstantinou, held on Saturday a series of meetings at the headquarters of the IMF as a team of this organization works in Athens Greek government officials to finalize the requirements, which provide contingency funds.
Papaconstantinou met separately with Strauss-Kahn and Olli Rehn, the chief financial official of the European Commission. He also held discussions with U.S. Treasury Secretary Timothy Geithner and provided for meetings with finance ministers from Russia, Brazil and China.
Given the increase in the price of money in the international bond market, Greece on Friday formally requested the enactment of the plan devised for less than a month, as a last resort to make money from the eurozone countries and the IMF.
However, the plan does not contain sufficient funds to prevent Greece incurred in default on its massive sovereign debt. The members of the eurozone this year will provide about 40,000 million euros and the IMF about 13,400 million.
Greece needs to borrow for some 54,000 million euros (72.000 billion) this year. He has won almost half of that amount by selling bonds and other obligations of the Treasury, but must pay 10-year bonds of EUR 8,500 million which expire on May 19.
Athens adopc05ted as a tough austerity program that reduced the salary of civil servants, freeze pensions and raise taxes. However, the possibility that Greece pay its obligations became blurred due to long-term prospects for economic growth near zero, and because as a member of the euro zone no longer has to adopt its own currency devaluation _ a painful but rapid valve security that could improve the country”s commercial competition.