Greece fails to pay debt due to IMF

July 1, 2015 8:58 AM

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Greece has failed to pay the EUR 1.5 billion debt due to the International Monetary Fund (IMF), said director of communications Gerry Rice.

In the statement issued by the IMF on Tuesday regarding Greece’s financial obligations to the fund, Rice said “We have informed our executive board that Greece is now in arrears and can only receive IMF financing once the arrears are cleared.”

“I can also confirm that the IMF received a request Tuesday from the Greek authorities for an extension of Greece’s repayment obligation that fell due Tuesday, which will go to the IMF’s executive board in due course,” added Rice.


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