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Greece to Timely Transfer Next Payment to IMF on May 12 - Finance Minister

© AFP 2023 / Louisa Gouliamaki Greek Finance Minister Yianis Varoufakis briefs the media after his meeting with Swiss Deputy Minister for International Financial Affairs Jacques de Watteville in Athens on April 28, 2015
Greek Finance Minister Yianis Varoufakis briefs the media after his meeting with Swiss Deputy Minister for International Financial Affairs Jacques de Watteville in Athens on April 28, 2015 - Sputnik International
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Greek Finance Minister Yanis Varoufakis said that Greece will transfer the €750-million payment to IMF on May 12, despite fears that Athens would not have enough funds for the transaction.

ATHENS (Sputnik) — Greece will transfer the €750-million ($844-million) payment to the International Monetary Fund (IMF) on May 12, as agreed earlier, despite fears that Athens would not have enough funds for the transaction, Greek Finance Minister Yanis Varoufakis said Thursday.

“Athens want to pay and will pay the IMF,” Varoufakis said at a business conference in Brussells, as quoted by Greek media.

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The upcoming repayment is another portion of the $270-billion Greek debt to the troika of international creditors, comprising the IMF, the European Commission and the European Central Bank.

Earlier on Thursday, Varoufakis said that the parties, currently negotiating a new bailout deal, may reach an agreement on additional financial aid in the next few days.

The current aid package for Greece expires at the end of June, after a four-month extension.

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