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Greece has initiated the process for the payment of a total €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 €4.2 billion in principal and interest to the ECB due on Monday and €2.05 billion to the IMF that has been in arrears since June 30, the officials said. It is also repaying a €500 million loan to the Greek central bank.
The country secured a €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.
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