Sentence examples for installment of aid from inspiring English sources
Meanwhile, Greece moved closer to receiving the next installment of aid it needs to avoid bankruptcy.
On Thursday, he warned that Greece might not meet requirements to receive the next installment of aid from the International Monetary Fund, Bloomberg News reported.
In Europe, stock markets closed lower as finance ministers from the euro zone countries met Monday to try to approve a new installment of aid to Greece.
The cuts are needed before Greece's foreign lenders unlock the next installment of aid that the country needs to avoid default.
Late on Wednesday, they turned the screw, deciding to withhold $1.3 billion from a $6.8 billion installment of aid that was scheduled to be released on Thursday.
LUXEMBOURG — For weeks the Greek government had been telling international lenders that it needed the next installment of aid from its bailout to stave off an imminent threat of default — and all the potentially disastrous consequences for Europe.
The officials were set to meet again Monday to decide on the package, which is necessary for Greece to continue receiving future installments of aid from the troika.
The country is also awaiting the latest installment of an aid package of 110 billion euros ($159 billion) agreed upon last year.
The next installment of international aid under the original bailout, which had been in doubt, "will become available, most likely, in early July," it added.
That would secure the release of the next $11 billion installment of foreign aid that Greece needs to pay expenses and prevent a default.
