Greece to pay 580m euro IMF loan tranche on Monday: government source

[ATHENS] Greece will pay a 580 million euro (S$847 million) tranche to the International Monetary Fund as scheduled on Monday, a government source told Reuters - the third instalment of a 1.5 billion euro loan repayment due this month.

"It's in the pipeline. The payment of 580 million euros will go out later today," the official said.

Athens, which is locked in talks with its eurozone partners and the IMF to try to renegotiate its bailout programme, has already remitted 310 million euros on March 6 and another 340 million on March 13.

After Monday's payment, cash-strapped Greece has to pay a final tranche of about 350 million euros on March 20.

REUTERS