IMF recommends zero interest loans to Greece due to new funding gap

• Recommends rates ‘close to zero’ on bilateral loans
• Debt relief and aid ‘crucial’
• Lower rates on EFSF loans to Greece also possible
• Expects more measures to cut debt by 2020, 2022
• Sees Greece needing extra funding of 5.5-9.5 billion in 2015-16
• Greek program fully financed well into 2014

Funded into 2014 is pretty good compared to the usual 6-month cycle of unexpected shortfalls. Of course, Greece always ends up needing far more cash than the IMF anticipates.