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Announcement: Disbursal of second loan installment under Greece’s Economic Support Mechanism
Following the positive review of Greece’s progress by the European Commission, the European Central Bank and the International Monetary Fund, and the fulfillment of Economic Policy Programme’s fiscal and structural targets for June 30 2010, the disbursal of the second loan installment worth 9 billion euro by the Economic Support Mechanism will be completed tomorrow.
The second installment from eurozone members, worth 6.5 billion euro, was deposited into the Greek Government account in the Bank of Greece today via the European Central Bank. The International Monetary Fund contribution, worth 2.5 billion euro, which was approved by the Fund’s Board of Directors on Friday, September 10 2010, will be made tomorrow.
The breakdown of the second installment by country and amount:
Announcement: Disbursal of second loan installment under Greece?s Economic Support Mechanism
Following the positive review of Greece’s progress by the European Commission, the European Central Bank and the International Monetary Fund, and the fulfillment of Economic Policy Programme’s fiscal and structural targets for June 30 2010, the disbursal of the second loan installment worth 9 billion euro by the Economic Support Mechanism will be completed tomorrow.
The second installment from eurozone members, worth 6.5 billion euro, was deposited into the Greek Government account in the Bank of Greece today via the European Central Bank. The International Monetary Fund contribution, worth 2.5 billion euro, which was approved by the Fund’s Board of Directors on Friday, September 10 2010, will be made tomorrow.
The breakdown of the second installment by country and amount:
Announcement: Disbursal of second loan installment under Greece?s Economic Support Mechanism