The European Commission, European Central Bank and International Monetary Fund, collectively known as Greece's troika of lenders, formally released the results of their review mission to Greece March 19, a preliminary step in the process for the approval of the next loan disbursement to Greece.

The mission and the authorities agreed that the economy is beginning to stabilise and is poised for a gradual resumption of growth, broadly in line with our previous projections. Prices are adjusting and inflation remains well below the euro area average. Fiscal performance is on track to meet program targets. The authorities are making progress on structural reforms to improve the growth potential and flexibility of the Greek economy and help create a fairer and more supportive environment for investment, growth, and job creation.

See the Statement by the European Commission, ECB and IMF on the review mission to Greece (19.03)