Greece Creditors Said to Plan Bailout Disbursement by Aug. 17
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Greece’s creditors plan to wrap up talks on the terms attached to the country’s new bailout by Aug. 6 and disburse the first tranche by Aug. 17, an international official with knowledge of the matter said.
Officials from the European Commission, the European Central Bank and the International Monetary Fund are working on a new Memorandum of Understanding, setting out the conditions for the emergency loans for the next three years, the person said, asking not to be named, as the schedule for the weeks ahead is tentative and depends on the progress achieved in negotiations between the two sides.