The International Monetary Fund has said it is releasing €3.2bn to Greece as part of its joint bailout with the European Union for the debt-stricken country.
The IMF said Athens had continued to make 'some progress' in reforms, and would return to positive economic growth in the first half of 2012.
Greece needs the money to help pay debts due this month.
The payment is part of a €110bn IMF-EU bailout package crafted for Greece last year.
'The programme is delivering important results: the fiscal deficit is being reduced, the economy is rebalancing, and competitiveness is gradually improving,' IMF Managing Director Christine Lagarde said in a statement.
'However, with many important structural reforms still to be implemented, significant policy challenges remain.'
