End of season. Next January, after the approval of the Eurogroup, Greece is expected to repay the last euro of loans to the International Monetary Fund, while later in March it is expected to proceed with early repayment of part of the bilateral loans of the first memorandum with European Union countries.
The development was welcomed on Monday by the IMF Director General Kristalina Georgieva, noting that this is “a great achievement of our country”.
“Regarding Greece, I am excited that the country is doing so well. It is a great achievement for the country. The repayment of the Fund brings a symbolic closing of a difficult period for the Greek people and for the economy of Greece. “Our role will continue to include monitoring and providing policy advice, we will continue to provide services to Greece, if the country considers them useful,” said the head of the IMF.
It recorded the largest annual GDP growth in the euro area
It is noted that according to Eurostat, Greece in the third quarter of 2021 recorded the largest increase in GDP on an annual basis in the euro area (+ 13.4%).
Pleased to join today’s #Eurogroup to share our prelim. assessment of the #EuroArea economy.
Supportive policies remain critical to protect recovery amid elevated uncertainty—and to build forward toward a more resilient+sustainable+inclusive economy. https://t.co/BmXf93NLnZ
– Kristalina Georgieva (@KGeorgieva) December 6, 2021
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