IMF approves $4.3 billion loan for Greece

Published January 16, 2013 7:06pm ET



WASHINGTON (AP) — The International Monetary Fund on Wednesday approved a $4.3 billion loan installment to Greece, following an economic review.

The decision by the IMF’s board was expected following the Greek parliament’s approval this week of an emergency bill ratifying dozens of conditions set by bailout lenders. Greece also completed a loan buyback last month that reduced its debt by more than $27 billion.

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