IMF/GREECE: The Executive Board of the International Monetary Fund (IMF) today approved a four-year SDR 23.8 billion (about E28 billion, or US$36.7 billion) arrangement under the Extended Fund Facility (EFF) for Greece in support

Market news

15 March 2012

IMF/GREECE: The Executive Board of the International Monetary Fund (IMF) today approved a four-year SDR 23.8 billion (about E28 billion, or US$36.7 billion) arrangement under the Extended Fund Facility (EFF) for Greece in support

The

approval allows for an immediate disbursement of SDR 1.4 billion (about 1.65 billion, or US$2.2 billion).

Oil pared declines in New York

European stocks closed mixed: FTSE 100 5,940.72 -4.71 -0.08%, CAC 40 3,580.21 +15.70 +0.44%, DAX 7,144.45 +65.03 +0.92%

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