IMF Approves in Principle €1.6 Billion Stand-By Arrangement for Greece

Friday, July 21st, 2017
Last Update: 01:21

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.

The agreement was announced via an email from the IMF Press office.

(more to follow)

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