Press Release: Statement by the IMF on Greece
IMF News, June 30, 2015
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Bibliographic details
- Published: June 30, 2015
Statement summary
- Date: June 30, 2015
- Press Release No.15/310
- Issued by: IMF COMMUNICATIONS DEPARTMENT, Media Relations
- Key quoted messages from Mr. Gerry Rice, Director of Communications:
- “I confirm that the SDR 1.2 billion repayment (about EUR 1.5 billion) due by Greece to the IMF today has not been received.”
- “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 today from the Greek authorities for an extension of Greece’s repayment obligation that fell due today, which will go to the IMF’s Executive Board in due course.”
Financial status and IMF policy implication
- Exact amount in arrears: SDR 1.2 billion (about EUR 1.5 billion)
- Immediate implication: Greece is in arrears to the IMF and is ineligible to receive IMF financing until arrears are cleared.
- Procedural action: IMF Executive Board has been informed of the arrears.
Request for extension
- The IMF received a request from the Greek authorities on June 30, 2015, for an extension of the repayment obligation that fell due that day.
- Next step indicated: the extension request “will go to the IMF’s Executive Board in due course.”
Media contact
- E-mail: media@imf.org
- Phone: 202-623-7100
Press Release No.15/310 — IMF COMMUNICATIONS DEPARTMENT, June 30, 2015