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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 program, but a disbursement of funds could happen only after more details on debt relief are known, the IMF chief said.

Managing Director of the International Monetary Fund (IMF) Christine Lagarde delivers a speech on Plenary Session of High-Level Dialogue, at the Belt and Road Forum in Beijing, China May 14, 2017. REUTERS/Kenzaburo Fukuhara/Pool

Christine Lagarde said the Fund was ready to participate to the third bailout program 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 program 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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