Greece confirms latest IMF repayment

Greek officials have confirmed that it has completed its €750m loan repayment to the International Monetary Fund.

A Bank of Greece official said the debt repayment was taken from an emergency account held by the central bank. It follows two meetings last week between Governor Yannis Stournaras,Deputy Prime Minister Giannis Dragasakis and Deputy Foreign Minister Euclid Tsakalotos.

“In order for money to be taken from this account, the IMF had to approve it. It was given,” the Bank of Greece official said, according to The Wall Street Journal.

On Monday, Reuters cited sources saying that Greece had already made the payment.

The confirmation of the payment on Tuesday came after finance minister Yanis Varoufakis admitted that Greece may only have enough cash to meet its financial obligations for a “couple of weeks”.

Greece still has raft of debt to pay back in coming weeks, with another €1.5bn owed to IMF in June and another €3bn to the European Central Bank in July and August.