In a message dated 8/1/99 1:09:55 PM Central Daylight Time, AOL News writes: << Subj: Russia Gets First of IMF Payments Date: 8/1/99 1:09:55 PM Central Daylight Time From: AOL News BCC: Ahab42 Russia Gets First of IMF Payments .c The Associated Press MOSCOW (AP) - The first of seven installments of the International Monetary Fund's new loan to Russia is being transferred on Sunday to Russia's IMF account, the Interfax news agency reported. The fund agreed last week to provide the $4.5 billion, 17-month stand-by credit to Russia. The $640 million is to be used to pay off part of Russia's debt to the IMF. Russia was due to pay $808.4 million to the fund in July and $520.4 million in August, Interfax said. Altogether, Russia owes the IMF about $18 billion. It has struggled to stay current on its debts to the fund since the economic crash last August. AP-NY-08-01-99 1409EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without prior written authority of The Associated Press. Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: <A HREF="aol://5862:146">News Profiles</A> and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword <A HREF="aol://1722:NewsProfiles">NewsProfiles</A>. For all of today's news, go to keyword <A HREF="aol://1722:News">News</A>. >>
Russia Gets First of IMF Payments .c The Associated Press MOSCOW (AP) - The first of seven installments of the International Monetary Fund's new loan to Russia is being transferred on Sunday to Russia's IMF account, the Interfax news agency reported. The fund agreed last week to provide the $4.5 billion, 17-month stand-by credit to Russia. The $640 million is to be used to pay off part of Russia's debt to the IMF. Russia was due to pay $808.4 million to the fund in July and $520.4 million in August, Interfax said. Altogether, Russia owes the IMF about $18 billion. It has struggled to stay current on its debts to the fund since the economic crash last August. AP-NY-08-01-99 1409EDT Copyright 1999 The Associated Press. The information contained in the AP news report may not be published, broadcast, rewritten or otherwise distributed without prior written authority of The Associated Press. Announcement: America Online has added Reuters newswires to News Profiles. To add Reuters articles to your daily news delivery, go to KW: <A HREF="aol://5862:146">News Profiles</A> and click on "Modify Your News Profiles." Then click "Edit" and add Reuters from the list on the left. To edit your profile, go to keyword <A HREF="aol://1722:NewsProfiles">NewsProfiles</A>. For all of today's news, go to keyword <A HREF="aol://1722:News">News</A>.
