Greece pays IMF loans at end of the month in one go – nrc.nl

Greece, the deferred repayment of a loan by an obscure provision IMF until the end of this month. Photo: ANP / EPA / Orestis Panagiotou

World Economy

Greece goes allee payments in June to meet the end of the month. bundling. Therefore, the country needs tomorrow no longer a tranche of 300 million to pay back. Tonight it seemed out that Greece indeed that amount was about books.

That the IMF announced tonight after a request for bundling is submitted by the Greek central bank. The money should have been paid under the new plan on 30 June.

It is about EUR 1.6 billion. That amount will then consist of four tranches that Greece must pay this month, including the 300 million tomorrow. NRC-correspondent Stéphane Alonso:

“This should completely and by the book. However, it is very special. Only Zambia went to Greece. “

A spokesman for the IMF already announced in a previous press conference that Greece had jurisdiction to make use of this provision.

On the basis of a provision of the late seventies, the IMF may allow a member of bundling payments and fulfilling the end of a calendar month. The determination was made at that time because of administrative problems could be if a country had to make multiple payments in a month. Only Zambia has made use of that provision in the eighties.

Over the last few days is hectic negotiations between Greece and creditors to reach an agreement on repayment of the loan. Initially, there was still optimism about the calls that were completed last night.

The aim here include the strict fiscal rules imposed by creditors to Greece. Tsipras wants those rules are more flexible, as the country has already had to make a series of radical cuts. The repayment of the 300 million euro of tomorrow was associated with the negotiations.

Tsipras had last night still know that that amount will be refunded. This is now so 30th June. Alonso:

“Does this step now that Greece has not 300 million, or whether it will exert pressure on the negotiations?”

Also at NRC Q : Greece Will for the first wanbetalen

Read more about:

Greece

IMF