Greece Misses New Payment to IMF

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.

Published: 14th July 2015 07:36 AM  |   Last Updated: 14th July 2015 07:36 AM   |  A+A-

By IANS

WASHINGTON: 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.

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.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp