Greece Has Cash to Make IMF Payment Next Week, Minister Says
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Greece won’t default on payments to the International Monetary Fund next week even as a lack of bailout disbursements has left government coffers nearly empty, according to the minister responsible for meeting the obligations.
Greece has an IMF payment of about 450 million euros ($494 million) due on April 9. With euro-area officials withholding aid payments until an agreement is reached on economic overhauls, the government also has to get through a short-term debt auction a day before, to refinance 1.4 billion euros of six-month notes due April 14.