Greece misses new payment to IMF

Posted By: IANS
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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.


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]


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