THE ROLE OF THE IMF IN THE RECOVERY FROM THE ECONOMIC CRISIS IN GREECE 2010-2016

The economic crisis in Greece emerged decades ago, the prolonged crisis worsened and required immediate financial assistance in order to prevent the nation's bankruptcy. The economic crisis is a common problem that happens to countries across the world. The International Monetary Fund, as a global monetary institution, holds a crucial role in managing the issues. Multi-faced approach had to be done to prevent further recession and soaring sovereign debt. The IMF has undergone numerous actions to fulfill its role as an umbrella organization. This study examines the role of the IMF in the recovering from the economic crisis in Greece. Utilizing Clive Archer’s theory to analyze and find a deeper understanding of the IMF's role as an institution and facilitator in addressing the issue. The research contributes insight for scholars and policymakers aiming to address the economic crisis in Greece or similar issues. Further research is highly recommended to sustain positive results and overcome challenges that might occur in the future.