IMF releases 2.2 bln euro in aid for Greece
WASHINGTON (Reuters) - The International Monetary Fund on Monday agreed to release a 2.2 billion euro aid disbursement to Greece, part of a three-year IMF-EU bailout package to help the debt-stricken country avoid bankruptcy.
"The executive board of the International Monetary Fund today completed the fifth review of Greece's economic performance under a program supported by a three-year Stand-By Arrangement for Greece," the IMF said in a brief statement.
The disbursement brings to 20.3 billion the sum paid out to Greece so far under the 30 billion euro IMF loan agreed in May last year. It is part of a bigger 110 billion euro rescue package for the country.
The approval of the latest aid tranche followed assurances by Prime Minister Lucas Papademos and his new unity government that the country would stick to terms of a debt reduction deal.
Last week, European leaders approved an 8 billion euro tranche for Greece.
An IMF mission will travel to Athens between December 12 and December 16 for preliminary discussions with the new coalition on economic policies. (Reporting by Lesley Wroughton; Editing by Kenneth Barry)
- Tweet this
- Share this
- Digg this
- Ukraine says pro-Russia rebels shoot down two fighter jets
- South Korea ferry fugitive hid behind cabin wall, bags of cash at hand
- U.N.'s Pillay says Israel may be committing war crimes
- Jet Airways chairman says looking to restructure debts, talking to bankers
- China's Xiaomi hopes Mi 4 smartphone can take on Apple
India will not support a trade facilitation protocol ahead of a July 31 deadline unless its concerns about subsidies are met, two senior government officials said on Wednesday, sticking to a hard line critics say could derail a landmark global trade deal. Full Article
Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article
Five held in China food scandal probe, including head of Shanghai Husi Food Full Article