Under an extended fund facility (EFF) arrangement, the recent aid would bring total payments to nearly €8.24bn, or $10.94bn, while the total funding from the IMF, the European Commission and the European Central Bank stood at €5.8bn.
Approved on 15 March 2012, the EFF arrangement is part of a joint package of financing with euro zone member states amounting to approximately €173bn over four years.
IMF managing director and chair Christine Lagarde said that the Greek authorities have continued to make progress in decreasing fiscal and external imbalances, and better reforms remain key to an economic recovery and lasting growth.
The European Union (EU) said that Greece would now require providing only €1.6bn from privatizations, which is considerably lower from previous requirement of €2.6bn.
Lagarde added, "And urgent steps need to be taken to address concerns about the structure and governance of the privatization program and to improve its effectiveness.
"Considerable progress has been made in safeguarding financial stability, notably through the recapitalization of the core banks and the sale of bridge banks."
Greece has been at the centre of the eurozone debt crisis since seeking its first bailout package in 2010, while austerity measures including repeated rounds of tax hikes and spending cuts have galloped thousand jobs.
