IMF confirms receiving request from Greece for new loan

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

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

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"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.