IMF on Greece: 'The stakes are high'
17 June 2011 Last updated at 17:57 BST
The leaders of Germany and France have said they want a new rescue package for debt-laden Greece to be agreed as soon as possible.
Angela Merkel and Nicolas Sarkozy were speaking after Greece's Prime Minister George Papandreou announced a cabinet reshuffle.
Mr Papandreou wants to impose political stability as Greece awaits approval for the next tranche of bail-out money.
Speaking to the BBC, the IMF's Olivier Blanchard said the organisation did not believe that a Greek default was inevitable.