IMF’s New Head of Greece Staff Team Is Veteran of Cyprus Bailout

The International Monetary Fund named a veteran of its Cyprus bailout as head of its staff team for Greece, the lender’s biggest borrower, as the cash-strapped nation seeks more money from creditors.

Delia Velculescu will replace Rishi Goyal as mission chief for Greece, the Washington-based IMF said in a statement late Tuesday. Goyal is moving to another IMF assignment after more than two years in the post, the fund said. Velculescu reports to Poul Thomsen, head of the IMF’s European department, who oversees the Greek bailout and has also held the mission-chief position.