Statement from EFSF regarding next disbursement to Greece
Luxembourg – The EFSF Board of Directors has considered today the next disbursements to Greece under the Financial Assistance Facility Agreement.
The Board has confirmed the release of the outstanding amount of €5.2 bn from the first instalment of €39.4 bn by the end of June. An amount of €4.2 bn will be disbursed on 10 May. The remaining funds of €1.0 bn are not needed before June and will be disbursed depending on the financing needs of Greece. As with previous disbursements to Greece, the EFSF will transfer the €4.2 bn into a segregated account which will be used for debt service payments.