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Bonds News

IMF truly is bearing gifts for Greece - fund chief

WASHINGTON, April 24 (Reuters) - The Greeks have joined a long line of nations “demonizing” the International Monetary Fund, but the IMF is only trying to help, Managing Director Dominique Strauss-Kahn said on Saturday.

“Unfortunately the Greeks are not the only ones demonizing the IMF,” he told a news conference after a Greek reporter asked him about widespread mistrust in Greece as their debt-ridden country seeks a huge international bailout.

“But I think the Greeks and others should see the IMF as it is today,” he said in Washington, where a proposed 45 billion-euro ($60.5 billion) rescue package for Greece from the European Union and the IMF dominated the groups’ meetings.

Recipients of IMF funding and advice may see it as a stern dispenser of bitter-tasting policy medicine, but Strauss-Kahn said the IMF was, in fact, a “cooperative organization where all countries of the world work together to try to help those that are in trouble.

“Today, Greece is in trouble. Tomorrow, maybe another one,” he said.

“The Greek citizens shouldn’t fear the IMF. We are there to try to help them,” Strauss-Kahn said. (Reporting by Paul Eckert; Editing by Padraic Cassidy)

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