12/05/2011 01:54 pm ET Updated Dec 06, 2017

IMF Approves $2.96 Billion Loan Disbursement To Greece

The International Monetary Fund said on Monday its board had approved a 2.2. billion euro loan disbursement to Greece, part of a three-year IMF-EU bailout package to help the country from going bankrupt .

"The executive board of the International Monetary Fund today completed the fifth review of Greece's economic performance under a program supported by a three-year Stand-By Arrangement (SBA) for Greece," the IMF said in a brief statement.

(Reporting by Lesley Wroughton, Editing by Chizu Nomiyama)

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