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Finance minister visits US to meet IMF head

Published:Sunday | April 5, 2015 | 12:01 AM
Yanis Varoufakis


ATHENS, Greece (AP):

Greek finance minister Yanis Varoufakis will travel to Washington to meet with International Monetary Fund (IMF) managing director Christine Lagarde and unspecified US Treasury officials, the Greek government has announced.

Varoufakis will meet Lagarde this evening and the Treasury officials tomorrow.

Greece is locked into difficult negotiations with its creditors over its bailout programme and this has delayed the disbursement of a €7.2 billion (US$7.9 billion) aid tranche and led to a cash crunch, forcing the government to tap into reserves to meet its obligations.

Yesterday, Deputy Finance Minister Dimitris Mardas told TV station Mega that Greece has the funds to repay a €450 million ($493.8 million) loan instalment to the IMF on April 9, but it is up to the government to decide whether to pay.