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Greece says IMF has approved 2nd tranche if loan

Greece says IMF has approved 2nd tranche if loan

Greece's finance minister says the International Monetary Fund has formally approved the second installment of a rescue loan to paid out next week.
George Papaconstantinou says the IMF governing board approved the release of it share in the (EURO)9 billion installment.
The IMF is responsible for (EURO)2.5 billion of that amount with the remaining (EURO)6.5 billion being provided by European Union countries using the euro currency.
Inspectors from the EU and IMF are due in Athens next week to review the progress of Greek austerity measures.


Updated : 2021-03-05 00:47 GMT+08:00