Greece tapped reserves at IMF to make debt repayment: government officials

Greece tapped reserves at IMF to make debt repayment: government officials
| Reuters

Greece tapped emergency reserves in its holding account at the International Monetary Fund to make a crucial 750 million euro ($839 million) debt payment to the Fund on Monday, two government officials said on Tuesday.With Athens close to running out of cash and a deal with its international creditors still elusive, there had been doubts whether the leftist-led government would pay the IMF or opt to save cash to pay salaries and pensions later this month.
Member countries of the IMF have two accounts at the fund - one where their annual quotas are deposited and a holding account which may be used for emergencies.