IMF releases 1.7bn euros for Greece

IMF releases 1.7bn euros for Greece

The International Monetary Fund released 1.74 billion euros ($2.26 billion) in fresh funds for Greece Friday after the country passed the third review of its performance under the joint IMF-EU bailout program.

Earlier Friday the European Financial Stability Facility also released another aid installment, worth 7.2 billion euros, to help recapitalize Greece’s stricken banks.

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