Arab Today, arab today imf set to give greece 35 bn aid tranche in late may
Last Updated : GMT 05:42:12
Arab Today, arab today
Arab Today, arab today

IMF set to give Greece 3.5 bn aid tranche in late May

Arab Today, arab today

Arab Today, arab today IMF set to give Greece 3.5 bn aid tranche in late May

Washington - AFP

The International Monetary Fund is poised to release about 3.5 billion euros ($4.8 billion) in bailout funds to Greece in late May, an IMF spokesman said Thursday. The IMF executive board, representing the global crisis lender's 188 member states, will meet on May 30 to discuss the disbursement, spokesman Gerry Rice said. The board is expected to give the go-ahead for 3.5 billion euros following approval of the fifth review of Greece's performance under the 2012 international bailout program, which required unpopular austerity reforms to help restore public finances and deal with enormous public debt. According to the initial timetable, the IMF was due to disburse 1.7 billion euros in late May 2013 but negotiations were held up by Athens's failure to meet the aid program's requirements. The upcoming disbursement is twice as much "given the delay in reaching agreement on the review" between the IMF and its bailout partners, the European Union's executive, the European Commission, and the European Central Bank, Rice said. The next IMF review of Greek accounts is scheduled for July. The so-called "troika" of international lenders provided Greece with a 110-billion-euro bailout in 2010, which two years later was refashioned into a 130 billion euro package after the first rescue plan failed. The IMF spokesman refused to comment on a recent report by the Financial Times that the IMF, the European Commission and the ECB had worked secretly in 2012 on a "Plan Z" on how to reconstruct Greece's economic and financial infrastructure if it were to exit the eurozone. "It's our job to draw up various economic scenarios so that we can provide better advice to our member countries," Rice said. "We look at risks. That's part of our job."

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf set to give greece 35 bn aid tranche in late may Arab Today, arab today imf set to give greece 35 bn aid tranche in late may

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf set to give greece 35 bn aid tranche in late may Arab Today, arab today imf set to give greece 35 bn aid tranche in late may

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday