IMF policymakers have said they will come up with ideas on how to push ahead with reform by mid-December.
IMF members will also be examining whether China's heavy intervention in the yuan market was befitting of a freely convertible reserve currency
Under the Commission proposal, Greece would get the whole 7 billion in one go
An International Monetary Fund study published on Tuesday showed that Greece needs far more debt relief than European governments have been willing to contemplate so far, as fractious parties in Athens prepared to vote on a sweeping austerity package demanded by their lenders.
Greek proposals hailed as "a positive step forward".
The IMF dashed any hope that Athens could avert default.
US officials said the win will help lower trade barriers and open new markets.
India and the United States settled a dispute on Thursday that had paralysed the World Trade Organization and risked derailing a $1 trillion package of reforms.
That is bad news for officials taking part in discussions at the International Monetary Fund and World Bank meetings this week.
For past two years, a lot of money has piled up in banks.