Greece Requests for New Loan from IMF

Greece Requests for New Loan from IMF
Sat Jul 25, 2015 18:32:45

The International Monetary Fund said it had received a letter from Greece seeking a loan facility, Al-Alam News Network reports.

"We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions," the IMF said in a short statement on Friday cited by Reuters.

The Greek Finance Ministry said earlier on Friday that Greece had formally submitted a request to the IMF for the new loan facility.

Greece is due to begin talks with European Union and IMF lenders on a new bailout deal. The extent of the IMF's participation has remained unclear once its current program expires next year.

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