Arab Today, arab today greece makes imf payment
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

Greece makes IMF payment

Arab Today, arab today

Arab Today, arab today Greece makes IMF payment

Greek Finance Minister Yanis Varoufakis (R)
Athens - AFP

Greece on Thursday made a 459-million-euro ($497-million) loan payment to the IMF, an official said.
"The payment order has been given," a finance ministry source told AFP.
Greece's precarious finances have been closely monitored since the arrival of a new hard-left government in January.
The new government is engaged in difficult negotiations to renegotiate the terms of its EU-IMF bailout, and as a result has received no money left in the multi-billion loan package.
Later this month, Athens has to make interest payments of nearly 400 million euros and roll over 2.4 billion euros in six- and three-month treasury bills due to mature on April 14 and 17.
Athens on Wednesday raised 1.14 billion euros in six-month treasury bills. On Thursday it announced the sale of another 625 million euros in three-month bills next week.

 

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