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IMF confirms receiving Greek request for new loan

IMF confirms receiving Greek request for new loan

By REUTERS

Greek Finance Minister Euclid Tsakalotos and International Monetary Fund (IMF) Managing Director Christine Lagarde (back C) attend an euro zone finance ministers meeting in Brussels, Belgium, July 12, 2015. REUTERS/Francois Lenoir

WASHINGTON: The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility. 'We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions,' the IMF added in a short statement. The Greek Finance Ministry said earlier on Friday that Greece had formally submitted a request to the IMF for the new loan facility. Greece is due to begin talks with European Union and IMF lenders on a new bailout deal. The extent of the IMF's participation has remained unclear once its current program expires next year.