Greece in the near future will sign the agreement with the International monetary Fund (IMF) on the partial early repayment is taken from him loans, Reuters reported, citing a source.
Greece will sign an agreement with the IMF on early repayment of loans
This is with reference to TASS reports Biznestsentr.
According to him, the signing of the agreement planned for the weekend. According to Reuters, we are talking about paying about half of the total amount Athens owes the IMF.
The Ministry of Finance of Greece has long been announced the desire to pay to take the IMF loan because it was given at the peak of the financial crisis at a very high rate of around 5% per annum, while European organizations Athens get loans at a concessional rate, it was almost five times lower. According to the Agency, all Greece needs to repay IMF by 2024, approximately €9.3 billion.
In August 2018 Greece successfully completed a third program of the external macro-financial assistance and withdrew from the external control of foreign creditors, under which it had been since 2010. At the end of 2018, the external debt of Greece amounted to 192,4% of GDP (€357,25 billion). In 2019, the projected reduction 12.8% to 179,6% of GDP (€346,2 billion).
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