WASHINGTON (Sputnik) — The Greek government has repaid a $494 million loan to the International Monetary Fund (IMF) and now must work to implement much-needed reforms, IMF Managing Director Christine Lagarde said after a speech at the Atlantic Council in Washington, DC on Thursday.
When asked if the Greeks paid back their debt, Lagarde said:
"Yes, I have got my money back [from Greece]."
Greek authorities, along with the representatives from the World Bank, IMF and the European Union (EU), must get together to do the hard work of implementing reforms to restore the economy and reinforce Greece’s sovereignty, Lagarde added.
The IMF and the EU provided Athens with loans to stave off bankruptcy. Greece still owes some $270 billion in debt loans to the EU.
