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IMF provides credit tranches to Greece

A decision to this effect was taken following the results of the first and second reviews of Athens’ anti-crisis economic programme

Photo EPA/ITAR-TASS

Photo EPA/ITAR-TASS

WASHINGTON, January 17 (Itar-Tass) – The International Monetary Fund (IMF) has provided 3.24 billion euro (about 4.3 billion U.S. dollars) credit tranches to Greece, the IMF press service reported on Wednesday, January 16.

A decision to this effect was taken following the results of the first and second reviews of Athens’ anti-crisis economic programme.

The press service said the decision had been taken on an exceptional basis. The IMF released the incomplete implementation of the programme and partially revised its economic parameters.

Thus, the total volume of financial backing reached about 4.86 billion euros (6.46 billion U.S. dollars). The IMF programme is part of the total package of anti-crisis assistance to Greece that amounts to 172 billion euros in four years. The principal of assistance to Greece is rendered by EU partners.

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