In the early repayment of his loans Greek Loan Facilitytotaling 5.29 billion euros expiring in 2024 and 2025, the Hellas. The amount concerns 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 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 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”.

It is recalled that in 2022 Greece fully repaid all IMF loans, also before their expiry.