Greece has initiated the process for the payment of a total euro 6.25 billion ($6.78 billion) to the European Central Bank (ECB) and the International Monetary Fund (IMF), finance ministry officials told Reuters on Monday.
Greece is paying euro 4.2 billion in principal and interest to the ECB due on Monday and euro 2.05 billion to the IMF that has been in arrears since June 30, the officials said. It is also repaying a euro 500 million loan to the Greek central bank.
The country secured a euro 7.16 billion bridge financing from the European Financial Stability Mechanism (EFSM) last week - enough to see Athens through July - and the opening of negotiations with its lenders on a third bailout programme.
