International Monetary Fund (IMF) Spokesman Gerry Rice made the following statement after Greece failed to make a payment of 456 mln euros in special drawing rights (SDR) funds due on Wednesday:

The SDR 360 million principal repayment (about EUR 456 million) due by Greece to the IMF today was not received. We have informed our Executive Board of this development. Greece’s arrears to the IMF total SDR 1.6 billion (about EUR 2.0 billion) to date.

The request by the Greek authorities for an extension of the repayment obligation due on June 30th is expected to be discussed by the Executive Board in the coming weeks.