The early repayment of GLF loans amounting to 5.29 billion euros expiring in 2024 and 2025 was announced by the Ministry of Finance.
This is the government’s second initiative in this direction, as a similar payment was previously made in 2022 when all IMF loans were repaid early.
Specifically, as announced by the ministry:
Greece proceeded today with the early repayment of loans of the Greek Loan Facility, totaling 5.29 billion euros that expired in 2024 and 2025. These are loans given to our country within the framework of the first program, which was agreed in May 2010 and included bilateral loans from the eurozone countries (52.9 billion) and the IMF (20.1 billion).
It is the government’s second initiative in this direction, as it was preceded by the early repayment of GLF loans in 2022 as well.
The Minister of National Economy and Finance, Kostis Hatzidakis, said:
“The early repayment of loans certifies the upward trajectory of the Greek economy and contributes to the creation of even more positive prospects for the coming years. The reduction of the debt both as a percentage of the GDP and in absolute figures, and by extension the limitation of its servicing costs, correspondingly reduces the budget’s expenses for interest and frees up resources for development.
An even more important consequence is the improvement of the profile of the Greek debt in the medium term and, in combination with the recovery of the investment grade, the further improvement of the borrowing conditions of the Greek State from the international markets”.
According to the protothema, it is recalled that in 2022 Greece fully repaid all IMF loans, also before their expiry.
Read also:
Patras: How the criminal organization that committed thefts and frauds operated – Among those arrested was the leading member – The announcement of ELAS on the revelation of pelop.gr NEW
Arrests for armed robberies in Ilia
Pyrgos: A young woman committed suicide in the custody of the Ilia Police Department
New worsening weather emergency: Where the bad weather is already hitting – Temperatures plummet
Patras: Animal poaching with a fox in Pournarokastro – Investigations by ELAS
#Ministry #Finance #Bilateral #loans #paid #early
