The public debt management agency ODDIH has announced that it paid out the second installment towards the IMF, worth 348 million euros, for March. The previous installment for March, worth 310 million euros, was paid out last Friday.
The government has repeatedly stressed that it would pay its obligations towards the IMF for March in full, meaning that 1.68 billion euros must be paid out in total.16t
The next installment, worth 581 million euros, will be paid out on Monday the 16th of March, while the final installment for March, worth 348 million euros, will be paid out on the 20th of March. Another payment, worth 465 million euros, will be made on the 9th of April.
Payments towards the IMF are based on the value of the Special Drawing Rights (SDR) basket of major currencies (Euro, Japanese Yen, Pound sterling and US dollar). With the exchange rate between the dollar and euro being 1.0972, payments are unfavorable for Greece.
