Greece pays first part of the IMF loan – El Universal (Venezuela)

 EL UNIVERSAL
 

Saturday March 7, 2015 12:00 AM

ATHENS Greece paid the first installment of EUR 310 million of a loan from the International Monetary Fund (IMF) which expires this month as the country struggles to meet its financing needs amid a shortage of resources.

The government of Prime Minister Alexis Tsipras must pay a total of 1,500 million euros to the IMF this month within two weeks, against the backdrop of a rapid depletion of public funds, said Reuters .

“The payment of 310 million euros has been made, with value date Friday,” said a government official, who requested anonymity.

Athens must pay other three sections, 13, 16 and 20 March as part of the IMF disbursements due this month.

The government has said it will make payments but uncertainty about the position of the box Greece has increased, as the country is facing a sharp drop in tax revenue. The assistance of the lenders of the European Union (EU) and the IMF continues to be suspended until that Athens promised reforms are completed.

Athens sent an updated list of reforms to Brussels before the meeting of ministers list Eurozone finance scheduled for Monday. Greece is running out of options to finance even though in February reached an agreement with the Eurozone to extend its EU-IMF bailout for four months.

The fiscal needs of the country are 4.5 million euros, including salaries and pensions for 1.5 million euros. You will not receive financial aid until complete a review of the lenders of the final reforms required under their rescue.