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Thursday, May 16, 2024 2:44:58 AM - Markets open
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Greece submits request to IMF for new loan facility
Reuters - 7/25/2015 10:59:39 AM
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Greece has formally submitted a request to the International Monetary Fund for a new loan facility, the country's finance ministry said on Friday.

Greece is due to begin talks with its EU and IMF lenders on a new bailout deal. The extent of the IMF's participation has remained unclear once its current program expires next year.

We would like to inform you that we are seeking a new loan facility from the International Monetary Fund," Finance Minister Euclid Tsakalotos wrote in a July 23-dated letter to IMF chief Christine Lagarde. "We look forward to continued cooperation with the Fund."

The IMF confirmed receipt of the letter Friday afternoon, ET.

"We confirm that we have received a letter from the Greek authorities indicating that they are seeking a new loan facility from the IMF," an IMF statement noted. "We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions."
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