Greece makes 2 billion euro payment to IMF

July 20, 2015 20:03

Greece has paid off its arrears of 2 billion (Rs 13,821 crore) to the International Monetary Fund after it became the proud recipient of a 7.16 billion emergency bridging loan from the European Union. In a statement, IMF director of communications Gerry Rice confirmed the payment. "As we have said, the fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth," he said. The country must also pay 4.2 bn to the European Central Bank - as well as 600 million its government owes to the Greek central bank. The news comes after Greek banks reopened this morning.

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