Greece will repay the last installments of loans it owes to the International Monetary Fund by the end of March, two years ahead of schedule, Finance Minister Christos Staikouras told Reuters on Monday.
“Greece has officially submitted a request for the full repayment of the outstanding balance of the IMF loans. The relevant process has been launched and is expected to be completed by the end of March,” he stressed.
Greece, which received more than 260 billion euros in loans from the European Union and the IMF during its ten-year economic crisis, relies solely on bond markets for its financing needs after exiting the third quarter, notes the report. rescue program in 2018.
Mr. Staikouras said that despite the increase in spending to address the effects of the coronavirus pandemic, Greece will return to a primary surplus from 2023 onwards, as promised to its creditors.
Source: Capital
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