IMF Approves in Principle €1.6 Billion Facility for Greece

Christine Lagarde, Managing Director of the International Monetary Fund (IMF)

July 20, 2017/IMF

The Executive Board of the International Monetary Fund (IMF) today approved in principle an SDR 1.3 billion (about €1.6 billion, US$ 1.8 billion, or 55 percent of quota) precautionary Stand-By Arrangement (SBA) for Greece.

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