IMF confirms receiving Greek request for new loan

Washington: The International Monetary Fund said on Friday it had received a letter from Greece seeking a loan facility.

"We will discuss with the Greek authorities and with our European partners the timing and the modalities for the discussions," the IMF added in a short statement.

The Greek Finance Ministry said earlier on Friday that Greece had formally submitted a request to the IMF for the new loan facility.

Greece is due to begin talks with European Union and IMF lenders on a new bailout deal. The extent of the IMF`s participation has remained unclear once its current program expires next year.