• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Greece misses new payment to IMF

By Ians
|

Washington, July 14: The International Monetary Fund (IMF) said on Monday that Greece missed a new repayment worth of about 456 million euros to it by the day after the country failed to make a 1.5 billion-euro repayment due on June 30.

"The SDR 360 million principal repayment (about 456 million euros) due by Greece to the IMF was not received," said Gerry Rice, director of communications at the IMF in a statement, Xinhua reported.

Greece

On June 30, Greece failed to make 1.5 billion euros of repayment to the Washington-based global lender. To date, Greece's arrears to the IMF total about 2 billion euros.

[Read: Greece debt crisis: Eurozone leaders reach agreement]

Rice said that the IMF executive board will discuss Greece's request for an extension of the repayment due on June 30 in the coming weeks.

After marathon tough negotiations, the leaders of euro zone countries reached a bailout agreement for Greece to avoid bankruptcy, provided the Greek government implements harsh austerity measures.

[Read: Greek 'time-out' from euro is an option: Eurozone document]

IANS

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more