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Home arrow About Us arrow Embassy of Greece in London arrow News arrow IMF approves 3.24-bln-euro loan disbursement to Greece

IMF approves 3.24-bln-euro loan disbursement to Greece

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IMF

The International Monetary Fund on Wednesday approved the disbursement of a 3.24 billion euros aid tranche to Greece. "The International Monetary Fund yesterday completed the first and second reviews of Greece's economic performance under a program supported by a four-year Extended Fund Facility (EFF) arrangement for Greece," the fund said in a statement.

The IMF stressed that completion of a Greek program review allows the disbursement of a loan tranche worth 3.24 billion euros (4.3 billion US dollars), raising the Fund’s participation to a Greek rescue program to 4.197 billion units of special withdraw rights (around 4.86 billion euros or 6.46 billion US dollars).

The tranche is part of a joint funding package to Greece agreed with Eurozone member-states, worth 172 billion euros, expanding over a four-year period.

SOURCE: ATHENS NEWS AGENCY

Last Updated Thursday, 17 January 2013
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