IMF Sets March 13 to Discuss Greek Loans, Board Member Says

The International Monetary Fund set March 13 as a tentative date to discuss its contribution to a 130 billion-euro ($175 billion) rescue package for Greece, an IMF board official said.

While the Washington-based fund has until now borne about one third of the cost of euro-area aid, it has yet to announce its share of the second Greek bailout. IMF chief Christine Lagarde said Feb. 21 after euro governments approved the rescue that the fund’s contribution will hinge on Europe’s progress in building a broader financial firewall to fight the debt crisis.