International Business News

IMF mulls giving extra 10b euros to Greece

The International Monetary Fund is considering raising its financial aid to debt-stricken Greece by 10 billion euros (13 billion dollars), the Financial Times reported Wednesday.
The IMF has already offered Athens 15 billion euros as part of a rescue package with eurozone nations, which currently totals 45 billion euros.
But it was now looking at increasing the amount it would give to 25 billion euros, said the paper, citing unnamed senior bankers and officials in Washington and Athens.
"The fund's current ceiling for Greece is 25 billion euros and the release of the extra amount is under discussion," an Athens-based analyst familiar with the talks told the FT.
The fund would make the loan available under a planned three-year loan, said the analyst.
The IMF declined to comment to the paper.

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