Greece will receive a new loan tranche from the International Monetary Fund (IMF) and the European Union in July, French Prime Minister Francois Fillion said on Tuesday.
"New financial aid from the IMF and EU is expected to be sent in July. This will happen after the Greek Parliament adopts a new package of financial measures," Fillion said during a meeting with Russian Prime Minister Vladimir Putin.
Greece, suffering an economic crisis, will receive a 110-billion-euro loan that will help the country to avoid a nationwide default on its 350-billion-euro external debt.
The Greek government has to negotiate with creditors on how to finance its new economic program.
In May, the Greek government approved 6-billion-euro spending cuts for 2011, a 22-billion-euro saving package for 2012-2015, and a 50-billion state assets privatization program to be able to meet the terms of the loan.
Last week, over 10,000 people gathered in front of the parliament in Athens to protest the unpopular measures.