Greece may borrow more money from the European Union and International Monetary Fund given the nation’s “impressive” gains in implementing reforms and budget cuts, according to the two institutions.

The EU and IMF offered a rescue package of 110 billion euros (USD146 billion) for Greece in May. Greece aims to tap 9 billion euros from the bailout fund, The Guardian reports.

About the author

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    Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.