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Cash-strapped Greece repays first part of IMF loan due in March

Mar 06, 2015    

ATHENS (Reuters) - Greece repaid on Friday the first 310 million euro instalment of a loan from the International Monetary Fund that falls due this month as it scrambles to cover its funding needs amid a cash crunch.Prime Minister Alexis Tsipras' newly elected government must pay a total of 1.5 billion euros to the IMF this month over two weeks starting on Friday against a backdrop of fast-depleting cash coffers."The payment of 310 million euros has been made, with a Friday value date," a government official told Reuters, requesting anonymity.Athens has to pay three other instalments...

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