Although earlier the IMF said that is willing to work with the Greek government who had stated that there are no funds to pay debt until a new bailout deal is finalized, a few hours later, the organization issued a statement noting that Greece failed to make a EUR 456 million payment.
Mr. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), made the following statement today regarding Greece’s financial obligations to the IMF due today:
“The SDR 360 million principal repayment (about EUR 456 million) due by Greece to the IMF today was not received. We have informed our Executive Board of this development. Greece’s arrears to the IMF total SDR 1.6 billion (about EUR 2.0 billion) to date.
“The request by the Greek authorities for an extension of the repayment obligation due on June 30th is expected to be discussed by the Executive Board in the coming weeks.”
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