IMF approves 3.24 billion euro loan tranche to Greece

WASHINGTON Wed Jan 16, 2013 1:01pm EST

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WASHINGTON Jan 16 (Reuters) - The International Monetary Fund on Wednesday approved a loan disbursement of 3.24 billion euros to Greece after months of uncertainty over the country's painful austerity and reform program.

Greece avoided financial collapse last month after its European backers agreed to dole out more financial support and the IMF said it would continue to back Greece as long as it implemented promises under a joint IMF-EU financing package.

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