The International Monetary Fund has released 1.74 billion euros in fresh funds for Greece after the country passed the third review of its performance under the joint IMF-EU bailout programme.
Earlier, yesterday, the European Financial Stability Facility also released another aid instalment worth 7.2 billion euros to help recapitalise Greeceās stricken banks.
The funding is part of the 173-billion-euro, four-year programme to put Athensā finances on a stable path. The IMF so far has released 6.57 billion euros to Greece under the programme.
Under tough austerity dictated by the programme, Greek economic growth continues to sag, challenging its ability to meet benchmarks set by the European Union and the IMF.
(source: PTI)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
