Posted by: mulrickillion | December 9, 2011

Press Release: IMF Executive Board Completes Fifth Review Under Stand-By Arrangement for Greece and Approves €2.2 Billion Disbursement

Press Release No. 11/440
December 5, 2011

The Executive Board of the International Monetary Fund (IMF) today completed the fifth review of Greece’s economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for Greece. The completion of the review enables the immediate disbursement of an amount equivalent to SDR1.9 billion (about €2.2 billion), bringing total Fund disbursements under the SBA to an amount equivalent to SDR 17.5 billion (about €20.3 billion). . . .

Press Release: IMF Executive Board Completes Fifth Review Under Stand-By Arrangement for Greece and Approves €2.2 Billion Disbursement

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