Good progress has been made in the negotiations between Greece and its lenders, the European Central Bank said.

According to ECB spokesman, the heads of the institutions will be in Washington and will return to Athens as soon as possible, after the end of IMF’s Spring Meeting.

During the recent negotiation talks with the Greek government, good progress was recorded on all issues. All four institutions are intensively working together with the Greek authorities on an ambitious package of measures aiming at growth, employment and competitiveness of the Greek economy. This will be the basis for the completion of the first program review between the Greek government and the European institutions, as well as for a new program with the IMF, according to the same sources.

According to Benoit Coeure, member of ECB’s executive board, the European Central Bank fully agrees with the IMF on the need for a strong policy package. “The aim of this discussion is the conclusion of the first review of the memorandum and a new program with the IMF,”.