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The next installment will be disbursed once reconstruction work begins.
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Greece, still down to receive a last instalment of aid under its old bailout programme, has been told the €7.2bn tranche will only be disbursed once reforms are agreed and a review of its economic progress concluded at the end of April.
Greek officials had hoped that €7.2bn (£5.2bn) in emergency funding, outstanding from its €240bn original bailout programme, would be disbursed once the comprehensive plan had been presented.
The money will be disbursed Wednesday.
Another question is how the funds will be disbursed.
Uncertainty about whether the rest of the loan will be disbursed is causing jitters.
More bailout funds, which so far total about €200 billion, or about $260 billion, will be disbursed.
The money will be disbursed after development partners have met pre-agreed targets, the bank said.
Some will be disbursed in $5,000 monthly installments over at least 20 years.
The funds will be disbursed "within the month of July," the commission said in a statement.
Some will be disbursed in $5,000 monthly installments over the course of at least 20 years.
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