Greece will receive a E1.6 billion 'Stand-By Arrangement' (SBA) from the International Monetary Fund if European partners agree to more debt relief, according to deal approved by the IMF executive board. By agreeing 'in principle' to the sum, the IMF can take its place as part of the programme to shore up funds for Greece while calling for further assessment from the European side about the country's debt sustainability. The board's approval follows Eurogroup agreement in June to release the latest disbursement on the condition of IMF involvement. The Fund has insisted that any involvement on its part would require ... (full story)