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Report: Greece, creditors agree on supervisory board of new privatization fund

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Report: Greece, creditors agree on supervisory board of new privatization fund

Greece and its international creditors reached an agreement on thefive-member supervisory board of a new privatization fund that will aim toaccelerate the sale of state-owned assets, Reuters reported Sept. 26, citing"government sources."

Jacques Le Pape, general inspector of finances for Paris, the board of the fund,which was introducedas part of Greece's latest bailout agreement. The other members include Spanisheconomist David Vegara, who was deputy managing director at the EuropeanStability Mechanism with responsibility for banking, a official and a Greekacademic, government officials told the newswire.

Greece had toagree with its creditors on nominations to the fund's supervisory board bySeptember-end to complete a first-progress assessment of its reforms andqualify for a further tranche of €2.8 billion in bailout loans, Reuters said.