Jul

Greece Approved for $1.8 Billion Conditional Loan From IMF

Fund will only dole out loans if it deems debt sustainable
Government monitoring bond market conditions for possible sale

The International Monetary Fund agreed to a new conditional bailout for Greece, ending two years of speculation on whether it would join in another rescue and giving the seal of approval demanded by many of the country’s euro-area creditors.

The Washington-based fund said Thursday its executive board approved “in principle” a new loan worth as much as $1.8 billion. The disbursement of funds is contingent on euro-zone countries providing debt relief to Greece…

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Greece Approved for $1.8 Billion Conditional Loan From IMF

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