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| Greece to Put Off Friday Debt Payment to I.M.F. | Greece to Put Off Friday Debt Payment to I.M.F. |
| (35 minutes later) | |
| ATHENS — Greece on Thursday told the International Monetary Fund it would not make a $335 million payment due Friday, taking a little-used option to defer that payment and three others until the end of the month. | ATHENS — Greece on Thursday told the International Monetary Fund it would not make a $335 million payment due Friday, taking a little-used option to defer that payment and three others until the end of the month. |
| Coming amid tense debt negotiations with the I.M.F. and European creditors, Greece’s decision holds political and financial-market implications that are hard to predict. | Coming amid tense debt negotiations with the I.M.F. and European creditors, Greece’s decision holds political and financial-market implications that are hard to predict. |
| “The decision was intended to address the administrative difficulty of making multiple payments in a short period,″ the I.M.F. said in a news release announcing the decision. Athens had no immediate comment. | |
| Earlier in the day Christine Lagarde, the managing director of the I.M.F., had said at a Washington news conference that she was confident that Greece would make Friday’s payment. | Earlier in the day Christine Lagarde, the managing director of the I.M.F., had said at a Washington news conference that she was confident that Greece would make Friday’s payment. |
| Still, as tough talks with the country’s creditors stumble and crawl, Greek officials have been suggesting all week that whether the I.M.F. would get paid on Friday would depend on the prospects for an imminent deal to renegotiate the terms of its international bailout program. | Still, as tough talks with the country’s creditors stumble and crawl, Greek officials have been suggesting all week that whether the I.M.F. would get paid on Friday would depend on the prospects for an imminent deal to renegotiate the terms of its international bailout program. |
| Although the practice of bundling I.M.F. loan payments into a single sum during a calendar month is allowed under the fund’s rules, the last time that option was taken was by Zambia in the 1970s. | Although the practice of bundling I.M.F. loan payments into a single sum during a calendar month is allowed under the fund’s rules, the last time that option was taken was by Zambia in the 1970s. |