Greek lawmakers are under pressure from the International Monetary Fund to overcome the current impasse over its bailout, a Greek minister told CNBC on Friday.
"There's pressure from the IMF, certainly," George Katrougalos, the Greek alternative foreign minister for EU affairs, told CNBC over the phone on Friday.
Katrougalos told CNBC that, at the moment, most of the pressure comes from the International Monetary Fund (IMF) and not from European creditors. This could be the case because the IMF is itself under pressure to decide on whether or not it will be part of the Greek bailout program. The IMF said it would not comment on the minister's remarks when contacted by CNBC.
Greece is currently on a third bailout program worth 86 billion euros ($92 billion). The current impasse between Greece, the EU and the IMF over the implementation of austerity measures sent the country's two-year bond yields rising to around 10.09 percent on Thursday, their highest level since June last year, on fears that the country could soon run out of cash and would not be able to make crucial debt repayments.
The institution led by Christine Lagarde has decided not to join the third financial rescue for Greece until there's evidence that Greek debt will be made sustainable. The latest bailout program, which began in 2015, has a year-and-a-half still to go.
For some countries, such as Germany, the Netherlands and Finland, the IMF's participation in the program is essential.
"It's not so much about the funds, the Europeans have enough money to lend to Greece," an official close to the bailout talks, who asked to remain anonymous due to the sensitivity of negotiations, told CNBC earlier this week, adding that the issue is more of credibility.
According to Katrougalos, the IMF is currently questioning both the Greek and the European fiscal estimates and wants to revisit questions that have already been fixed, including reforms on pensions.
The same official, who is part of the negotiations, told CNBC on Friday that "there's a lot of focus on the IMF...but even if the IMF wouldn't exist on this planet, Greece and the EU wouldn't be able to conclude the second bailout review."