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Business News/ News / World/  Greece agrees to repay IMF debt by 9 April, says Christine Lagarde
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Greece agrees to repay IMF debt by 9 April, says Christine Lagarde

Lagarde said repaying the IMF debt was in the country's best interest

Earlier, there was speculation that Athens might fail to meet the €460-million ($501-million) IMF instalment if forced to choose between the IMF and paying government workers. Photo: BloombergPremium
Earlier, there was speculation that Athens might fail to meet the €460-million ($501-million) IMF instalment if forced to choose between the IMF and paying government workers. Photo: Bloomberg

Washington: Greece has agreed to repay its debt to the International Monetary Fund (IMF) by 9 April, IMF chief Christine Lagarde said after a meeting with Greek finance minister Yanis Varoufakis.

There was speculation ahead of the visit that Athens might fail to meet the €460-million ($501-million) IMF instalment if forced to choose between the IMF and paying government workers.

Lagarde said repaying the IMF debt was in the country’s best interest.

“Continuing uncertainty is not in Greece’s interest and I welcomed confirmation by the minister that payment owing to the Fund would be forthcoming on 9 April," Lagarde said in a statement.

Greece has not received the remaining funds in its €240-billion European Union-IMF rescue package as Brussels has demanded to first approve Greece’s revised reform plan.

Lagarde encouraged Athens to continue talks in Brussels—which she said would resume on Monday—and to “conduct the necessary due diligence in Athens."

“The Fund remains committed to work together with the authorities to help Greece return to a sustainable path of growth and employment," Lagarde added.

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Published: 06 Apr 2015, 09:03 AM IST
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