Greece plans to repay more than 7 billion euros in loans to the International Monetary Fund and eurozone partners over the next two months, repaying the remaining funds borrowed early to prevent bankruptcy during the financial crisis, two told Reuters officials who wished to remain anonymous.
According to the information cited by the agency, Greece is expected to repay the rest of the loans, amounting to 1.8 billion euros by the end of March. The loans the country received from the IMF have an expiration date of 2024.
“We plan to complete the repayment within the next two months,” an official told Reuters.
“It simply came to our notice then reduce the ratio of our debt to GDP. “It will also send a message to the markets that the Greek economy is strong and healthy,” a second official added.
According to the initial schedule, Greece will have to pay: 132 million euros at the end of 2022, 1.3 billion euros in 2023 and another 278 million euros in 2024. It is reminded that Greece has already proceeded with the early repayment of approximately 6 billion euros of IMF loans, in two installments, the first in 2019 and the last, amounting to 3.3 billion euros, in March 2021.
According to Reuters, Greece is also planning the final repayment of 5.3 billion euros in loans it received through transnational agreements with eurozone member states by the end of the first quarter of 2022, which expired by 2023. GLF loans for 2022 amount to 2.64 billion euros as for 2023. The same amount will have to be paid by Greece every year until 2039, in 2040 the amount amounts to 1.93 billion. in 2041 to 573 million euros (total 50.78 billion euros).
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