Two days after the release of a €1.72bn tranche to Greece, the International Monetary Fund has warned that it will not be able to honour its commitment to provide further funding for the aid programme in November-December of this year, reports Kathimerini.

In an audit report on Greece published July 31, the IMF signalled that the country will be faced with a financing shortfall after July 2014, and called on the eurozone to guarantee the viability of Greece’s debt in 2015 through further reduction measures.

The IMF also sent a stern message to Athens, demanding an acceleration in the implementation of the programme, points out the daily, which nonetheless notes that the authors of the report welcomed the “remarkable progress” that has been made in the area of public finance, while highlighting weaknesses in the fields of fiscal and administrative reform and the country’s privatisation programme.