Lagarde welcomes Greek loan payment commitment

Greece has told the International Monetary Fund that it will repay a loan to the organisation that is due this Thursday.

Greek Finance Minister Yanis Varoufakis held talks with IMF Managing Director Christine Lagarde in Washington.

He said the discussions had been extremely productive and insisted that his government was reforming the economy.

Greece's interior minister suggested last week the government would prioritise wages and pensions over the IMF payment, although the government later denied that was its stance.

Ms Lagarde said in a statement after meeting with Mr Varoufakis that she welcomed his confirmation that the loan payment due would be made on schedule.

She said due diligence efforts in Athens and talks with teams in Brussels over the terms of Greece's bailout would "resume promptly on Monday."

Speaking to a Greek newspaper today, Mr Varoufakis said he wants the negotiations with the country's official lenders to reach a preliminary deal at a eurozone meeting of finance ministers on 24 April.

Greece has not received bailout funds since August of last year and has resorted to measures such as borrowing from state entities to tide it over. 

Greece offered a new package of reforms last week in the hope of unlocking remaining bailout funds, but has yet to win agreement on the proposals with its EU and IMF lenders.

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