IMF Says No Financial Gap in Greece Before August 2014

(AMNA) - Greece is not going to face a financial gap until after July 2014, International Monetary Fund (IMF) spokesman Gerry Rice said during the daily press briefing in Washington.

     "There is no financial gap through July 2014," he said, adding that a gap was expected after July.

Rice said the IMF΄s board will convene at the end of July to decide on whether to give 1.8 billion euros in aid to Greece. No firm date has yet been set for the meeting, which will be announced seven days beforehand, while the next bailout tranche will probably be given in mid August.

The spokesman also referred to the decisions made by the IMF and its partners in the Greece bailout, the European Union and the European Central Bank, following their announcement on Monday that Greece΄s progress under the rescue programme was "broadly on track".