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Greece makes IMF payment: official

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Greece on Thursday made a 459-million-euro (S$678-million) loan payment to the IMF, an official said.

[ATHENS] Greece on Thursday made a 459-million-euro (S$678-million) loan payment to the IMF, an official said.

"The payment order has been given," a finance ministry source told AFP.

Greece's precarious finances have been closely monitored since the arrival of a new hard-left government in January.

The new government is engaged in difficult negotiations to renegotiate the terms of its EU-IMF bailout, and as a result has received no money left in the multi-billion loan package.

Later this month, Athens has to make interest payments of nearly 400 million euros and roll over 2.4 billion euros in six- and three-month treasury bills due to mature on April 14 and 17.

Athens on Wednesday raised 1.14 billion euros in six-month treasury bills. On Thursday it announced the sale of another 625 million euros in three-month bills next week.

AFP