IMF board approves €28 billion for Greece


The executive board of the International Monetary Fund (IMF) approved the release of €28 billion ($36.7 billion) in funds to Greece on March 15, to help the European country with its economic adjustment programme. The funds come from the IMF's External Fund Facility (EFF), which provides exceptional access to IMF resources with the amount exceeding 2,000% of Greece's quota.

The release of special drawing rights (SDR)23.8 billion was widely expected after IMF managing director Christine Lagarde

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