## Press Release: Statement by the IMF on Greece

_IMF News, June 30, 2015_

## Source details

**Canonical URL:** [Press Release: Statement by the IMF on Greece](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr15310)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr15310/index.md)
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## Bibliographic details
- Published: June 30, 2015

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### 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*

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## References

- [Greece and the IMF](http://www.imf.org/external/country/GRC/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [Nine Key Questions on Greece](https://www.imf.org/external/country/grc/greecefaq.htm)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr15310_