Greece is set to receive €3.41 billion from the International Monetary Fund after the institution's board signed off on the latest review of Greece's rescue package, on May 30. The disbursement comes after the IMF and Greece's European lenders finished their review of Greece's progress, ending six months of protracted negotiations.

The amount is part of a joint package of financing with eurozone member-states totaling around €173 billion over four years. The new tranche will bring the total IMF disbursements to date to about €11.5 billion.

Following the meeting, IMF Deputy Managing Director Naoyuki Shinohara said that Greece had "made significant progress in consolidating the fiscal position and re-balancing the economy. "He added that "the primary fiscal position is in surplus ahead of schedule, and Greece has gone from having the weakest to the strongest cyclically-adjusted primary fiscal balance in the euro area in just four years," but warned that there were "several challenges" before Greece could return to "a sustainable, balanced growth path."