UPDATE 3-IMF approves 30 billion euro loan for Greece

* IMF chief says action will help secure global recovery

* IMF's Lipsky says no aid talks with Spain, Portugal

(Adds details from conference call, market reaction)

By Lesley Wroughton

WASHINGTON, May 9 (Reuters) - The International Monetary Fund on Sunday unanimously approved a 30 billion euro ($40 billion) rescue loan for debt-stricken Greece, with 5.5 billion euros being provided immediately to stem a crisis that threatens other euro zone members.

The IMF's three-year loan program is part of a European-led 110 billion euro ($147 billion) financing plan for Greece aimed at averting the euro zone's first sovereign debt default.

Total IMF funding for Greece will amount to about 10 billion euros this year. The European Union will put up another 30 billion euros.

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