FXstreet.com (Barcelona) - According to Greek newspaper Kathimerini, a pending disbursement of 3.25 bln euros to Athens was finally approved by the IMF on Wednesday.

It has been reported that funds will be made available on Friday, "while on Monday the Eurogroup FinMin are expected to green-light the disbursement of the January installment, amounting to 9.2 billion euros" Kathimerini notes.

Meanwhile, IMF’s Lagarde crossed the wires stating that Greek program is now moving ‘in the right direction’, highlighting that "Greece must continue to restructure and strenghten banking system" adding that "Greece must ‘radically overhaul’ tax administration..."