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    IMF Managing Director Christine Lagarde

    Greece to Face IMF Funding Deprivation Until Arrears Paid off – IMF Chief

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    Athens won’t be able to receive any payment from the International Monetary Fund (IMF) until it settles its debt and solves the existing issues with the financial institution, IMF Managing Director Christine Lagarde said Sunday.

    MOSCOW (Sputnik) — Nevertheless, she said, the IMF 'stands ready' for continuing talks with Greece and expects the debt payment to be made on June 30.

    "I can no longer disburse to the benefit of Greece. Greece has no longer access to funding until it clears its arrears with the fund," Lagarde said in an interview with BBC.

    Athens and its international creditors have been engaged in months-long tough negotiations on bailout program in exchange for reforms and austerity measures.

    The country is due to repay $1.8 billion by Tuesday and agree to a new deal with the IMF, the European Central Bank and the European Union to unlock an additional $8 billion in extra funding.

    Topic:
    Financial crisis in Greece (197)

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    International Monetary Fund, Christine Lagarde, Greece
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