The International Monetary Fund (IMF) will decide in January whether it will participate in Greece’s third bailout program, the IMF’s spokesman Gerry Rice said on Thursday at a press conference in Washington.

He stressed that before they can announce their plan, the European Union must have first decided on Greek debt, which will be evaluated by the organization.

Mr. Rice  also said that an IMF delegation headed by Delia Velculescu will visit Athens next week to examine the implementation of the second set of prior actions.

The review of the ESM program is scheduled for January and the Fund will conduct a debt viability report.