By Peter OBIORA InvestAdvocate

New York (INVESTADVOCATE)-The International Monetary Fund (IMF) said on Monday Greece has repaid repaid the totality of its arrears to the fund, equivalent to SDR 1.6 billion (about EUR 2.0 billion).

“I can confirm that Greece today repaid the totality of its arrears to the IMF, equivalent to SDR 1.6 billion (about EUR 2.0 billion). Greece is therefore no longer in arrears to the IMF,” Gerry Rice, director of communications, IMF said in a statement

 “As we have said, the Fund stands ready to continue assisting Greece in its efforts to return to financial stability and growth,”  Rice added.