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IMF ponders Greek role

WASHINGTON (Reuters) - The International Monetary Fund was trying on Friday to understand precisely what its role will be in a European-led rescue of Greece.

A day after euro zone leaders agreed to provide coordinated loans to Greece with the help of the IMF, officials at the Washington-based lender were unclear over how the Fund's resources would be tapped and how it would impose the sort of conditions that normally come with its financial aid.

In its first comments since the EU announcement, the IMF said: "We are following developments closely." The IMF added that it stood ready to consider any financial assistance if asked.

IMF managing director Dominique Strauss-Kahn begins a short visit to Poland and Romania today where he is likely to encounter questions on Greece.

The IMF's website said he is likely to call for closer cooperation and reforms to Europe's architecture.

The dilemma for the IMF is that Greece falls under the jurisdiction of European Union rules and is a member of the euro zone where monetary and foreign exchange policies are dictated by the European Central Bank.