IMF says ‘no’ to fund Greece due to missed payment

10:52, 07 July 2015
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The International Monetary Fund told Greece on Monday it could not provide funds to countries that had missed payments due to the international lender, an IMF representative said.


IMF Managing Director Christine Lagarde spoke to Greek Prime Minister Alexis Tsipras about the Greek people's rejection in a referendum of the bailout terms of international lenders, according to Reuters.

"The managing director explained the fund's inability to disburse under its arrears policy," the representative said in a statement that appeared to refer to Greece's default on an IMF loan last month.

As UNIAN reported earlier, last week Greece was unable to pay the IMF EUR 1.5 billion of debt, resulting in it losing formal right to further financing.

However, according to Christine Lagarde, the IMF would be ready to help Greece if the country's authorities requested assistance.

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