Greece makes payment to IMF

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Published: Wednesday 6th May 2015 by The News Editor

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Greece is making a 200 million euro (£148 million) repayment to the International Monetary Fund, though a larger one looms next week that it will struggle to manage.

A Greek finance ministry official said today: “The payment is proceeding normally.”

Greece is struggling to agree on a deal with its creditors to get more rescue loans and is gradually running out of cash. The sides hope to make progress by May 11, when they will hold a eurozone meeting.

On May 12, Greece is due to repay 750 million euro (£554 million) to the IMF, money it will have to scrape together from local reserves, such as those of local governments and hospitals.

Published: Wednesday 6th May 2015 by The News Editor

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