GO
Loading...

IMF board approves $4.6 bln in aid for Greece

A homeless woman sits in front of a shuttered shop in Athens, Greece.
Ayhan Mehmet | Anadolu Agency | Getty Images
A homeless woman sits in front of a shuttered shop in Athens, Greece.

Greece is set to receive $4.64 billion from the International Monetary Fund after the institution's board on Friday signed off on the latest review of Greece's rescue package.

The disbursement comes after the IMF and Greece's European lenders finished their review of Greece's progress under its 173 billion euro ($236 billion) bailout in March, ending six months of protracted negotiations. Greece last got an IMF aid disbursement in July 2013, of $2.3 billion.

Read MoreGreece still has large financial needs: IMF Europe head

The IMF has so far lent Greece about $15.8 billion under a four-year program, meant to help Athens recover from a sovereign debt crisis, rebuild its economy and return to markets.

—By Reuters

Contact Europe News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    To learn more about how we use your information,
    please read our Privacy Policy.
    › Learn More

Europe Video

  • The FBI have stated that North Korea's government is responsible for the Sony attack. Neil Ashdown, deputy head of Asia analysis at IHS, weighs in, saying that it's difficult to "definitively attribute" a hacking attack to a particular group or state.

  • What were the main highlights of the EU Summit in Brussels? CNBC's Hadley Gamble gives you the lowdown.

  • Carnival Cruises earnings have beaten expectations in its fourth quarter, with lower fuel prices being a great help, says David Dingle, UK chairman of Carnival Cruises.