IMF says has no assistance plan for Spain

The International Monetary Fund (IMF) does not possess a bailout plan for Spain, IMF’s spokesman  Gerry Rice told reporters today

He also said the Spanish authorities had not requested IMF financial help to deal with its banking crisis.

"It is important that the reform program that the Spanish government has undertaken continues to be implemented, as they are doing, and there has been no request for IMF financial assistance nor are there any plans at the IMF for such assistance," the IMF spokeman explained today.

Rice said an IMF economic mission to Spain, part of annual consultations with the government, wraps up its work on June 15.