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IMF to join Greece bailout, but no funds until debt relief deal - Lagarde
June 15, 2017 / 7:41 PM / 5 months ago

IMF to join Greece bailout, but no funds until debt relief deal - Lagarde

LUXEMBOURG (Reuters) - The International Monetary Fund agreed with euro zone finance ministers on Thursday that it will “in principle” join the Greek bailout programme, but a disbursement of funds could happen only after more details on debt relief are known, the IMF chief said.

FILE PHOTO: IMF Managing Director Christine Lagarde makes remarks during a press briefing to open the IMF and World Bank's 2017 Annual Spring Meetings, in Washington, U.S., April 20, 2017. REUTERS/Mike Theiler

Christine Lagarde said the Fund was ready to participate to the third bailout programme for Greece after a meeting of euro zone finance ministers in Luxembourg which capped months of negotiations with euro zone finance ministers.

The Fund could however join the programme with a financial support “in the range of 2 billion dollars” only after a full deal on additional measures of debt relief for Greece.

Reporting by Francesco Guarascio @fraguarascio

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