IMF and Germany approve Greek loan

The IMF’s Executive Council approved the 1.8 billion euros loan to Greece, which is expected to be paid out on Wednesday. The Council was updated on the Greek program and fiscal reform by Poul Tomsen, who was optimistic that Greece might achieve its fiscal targets for 2013 and a return to growth in 2014. Earlier […]

30.07.2013 10:36

Newsroom

Visitors are silhouetted against the logo of the International Monetary Fund at the main venue for the IMF and World Bank annual meeting in Tokyo October 10, 2012. Japan is scheduled to host the IMF and World Bank annual meetings for the first time in nearly half a century. About 20,000 people are expected to attend the event, making it one of the world's largest international conferences. REUTERS/Kim Kyung-Hoon (JAPAN - Tags: BUSINESS POLITICS LOGO) (File: TOK704_IMF-_1010_11.JPG )

30.07.2013 10:36

International

Newsroom

The IMF’s Executive Council approved the 1.8 billion euros loan to Greece, which is expected to be paid out on Wednesday.

The Council was updated on the Greek program and fiscal reform by Poul Tomsen, who was optimistic that Greece might achieve its fiscal targets for 2013 and a return to growth in 2014.

Earlier on Monday, the German parliament’s budget committee gave its approval for paying out the next loan installment. The decision is in line with Friday’s Euroworking Group approval of paying out 4 billion euros

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