IMF approves $2.9b loan installment for Greece

WASHINGTON (AFP) - The International Monetary Fund (IMF) released 1.72 billion euros (S$2.9 billion) in aid for Greece on Monday after completing a review of the country's performance under the international rescue programme.

The latest disbursement means that Greece has received a total of roughly 8.24 billion euros from the IMF under the bailout coordinated with the European Union and the European Central Bank in March 2012.