Greece will receive larger tranche of aid from IMF

The managing board of the International Monetary Fund (IMF) will meet in May to approve the disbursement of the next tranche of aid to Greece, IMF spokesman William Murray said on Thursday.

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Speaking to reporters during a daily briefing, Murray said that no specific date for the meeting has been set so far. He, added, however, that Greece could get more aid than usual. “Because some of the review has been delayed, there’s going to be a rephrasing of disbursements to Greece. I assume it will be higher because there were gaps between reviews,” Murray said according to ANA-MPA

The spokesman said that a joint statement issued by the troika stressed that Greece’s fiscal performance was moving towards implementing the programme’s targets and that first estimates proved that a primary surplus was achieved with a significant margin in 2013. Murray said that the IMF encouraged ongoing efforts in Europe over the next round of stress tests in the European banking system.