Greece and the International Monetary Fund

Greece's economy is expected to expand by 2.5% this year due to strong domestic demand, investments and EU funds, the International Monetary Fund said on Tuesday.

Growth will slow down to 2.0% next year, the fund said in staff concluding statement.

[Reuters]

Argentina is set to receive a much-needed disbursement of funds from the International Monetary Fund (IMF), the lender has said, with a fresh staff-level agreement paving the way for access to $7.5 billion.

The aim is to "support Argentina's policy efforts and near-term balance of payments needs," as the country grapples with a tough economic backdrop, the IMF said in a statement.

The International Monetary Fund (IMF) has approved a $3 billion loan agreement for Pakistan, unlocking crucial funding for the troubled South Asian economy.

In a statement, the IMF said its executive board gave the green light to the nine-month standby arrangement, in order "to support the authorities' economic stabilization program."

Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the International Monetary Fund (IMF) in Washington on June 30.

The economy has been stricken by a balance-of-payments crisis as it attempts to service crippling external debt, while months of political chaos have scared off potential foreign investment.

The Public Debt Management Agency (PDMA) is awaiting the nod from the European Stability Mechanism (ESM) this or next month to proceed with the early repayment of another part of Greece's debt to the International Monetary Fund, thereby considerably reducing the remainder of the country's dues to the IMF.

The Finance Ministry has launched procedures for the early repayment of a 3.6-billion-euro chunk of a loan received from the International Monetary Fund.

The repayment in question will cover loans ending in 2021 and 2022, Minister Christos Staikouras said on Monday.