Greece makes repayment of over 2 billion euros, no longer in default

‘Greece is therefore no longer in arrears to the IMF’

Update: 2015-07-20 21:05 GMT
Prime Minister Alexis Tsipras. (Photo: AP)

Washington: Greece has repaid its arrears to the International Monetary Fund, worth about 2 billion euros, IMF communications director Gerry Rice said on Monday.

"Greece is therefore no longer in arrears to the IMF," he said in a statement.

"As we have said, the Fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth."

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