The International Monetary Fund said on Monday that discussions with the Greek authorities on concluding bailout review will resume only after a new government is in place.

The IMF's spokesperson Gerry Rice said in consultation with the European Commission (EC) and the European Central Bank (ECB), "the discussions on the completion of the 6th review of the program that is being supported by an Extended Arrangement will resume once a new government is in place."

Greece faces no immediate financing needs, the spokesperson said in a statement.

The 6th review of the IMF's four-year, 28-billion-euro loan program for Greece, part of a much larger joint IMF-EC-ECB financial rescue aimed at ensuring the government, is meeting particular budget and reform targets before releasing a new tranche of the loan. Greece's talks with its bailout creditors have been stalled for months amid disagreements over required new spending cuts.

Greek lawmakers failed to elect a new president in a televised third and final round of a roll-call vote earlier Monday, paving the way for snap elections early next year and unleashing political uncertainty upon the market.