Statement from EFSF regarding next disbursement to Greece

09 May 2012

The EFSF Board of Directors has considered the next disbursements to Greece under the Financial Assistance Facility Agreement.

The Board has confirmed the release of the outstanding amount of €5.2 billion from the first instalment of €39.4 billion by the end of June. An amount of €4.2 billion will be disbursed on 10 May. The remaining funds of €1.0 billion 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 billion into a segregated account which will be used for debt service payments.

Press release

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