IMF approves conditional loan to Greece

The International Monetary Fund (IMF) on Thursday approved a standby 1.8 billion USD loan to Greece.

The International Monetary Fund (IMF) on Thursday approved a standby 1.8 billion USD loan to Greece. The fund will not be disbursed until Greece receives “specific and credible assurances” from its European lenders. The move is a compromise between eurozone finance ministers reluctant to offer more generous repayment terms to Greece and the IMF, which has resisted financing a country whose debt it considers too high to be fully paid back.

Source: VOV5

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IMF approves conditional loan to Greece

The International Monetary Fund (IMF) on Thursday approved a standby 1.8 billion USD loan to Greece.

The International Monetary Fund (IMF) on Thursday approved a standby 1.8 billion USD loan to Greece. The fund will not be disbursed until Greece receives “specific and credible assurances” from its European lenders. The move is a compromise between eurozone finance ministers reluctant to offer more generous repayment terms to Greece and the IMF, which has resisted financing a country whose debt it considers too high to be fully paid back.

Source: VOV5

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