City
Epaper

Greece repays last tranche of IMF bailout loans early: FM

By IANS | Updated: April 5, 2022 13:35 IST

Athens, April 5 Greece has repaid in advance the final tranche of its bailout loans from the International ...

Open in App

Athens, April 5 Greece has repaid in advance the final tranche of its bailout loans from the International Monetary Fund (IMF), Finance Minister Christos Staikouras announced.

"A chapter which opened in May 2010 when Greece resorted to the Fund, closes. It is a very positive development," Xinhua news agency quoted the Minister as saying.

A series of early repayments of IMF loans since 2019 have saved the country a total of 230 million euros in interest, the Ministry said.

From 2010 to 2018, the country relied on loans from the IMF and the eurozone to avoid bankruptcy amidst a severe debt crisis.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: XinhuaGreeceInternational Monetary FundAthensGreImf researchNational and globalChristos staikourasInternational monetary funds
Open in App

Related Stories

EntertainmentPrabhas Celebrates a Working Diwali as The RajaSaab Nears Wrap After Lavish Song Shoot in Greece

EntertainmentKarishma Kotak Rings in Her Mother’s Birthday and Pre-Diwali Celebrations in Greece

MumbaiMumbai Police Return Lost iPhone to Greece National Within 30 Minutes

NationalIndia Opposes Asian Development Bank Providing Financial Support to Pakistan

Other SportsDr. Payal Kanodia Set to Represent India Again at the IUKL World Championship 2024 in Corfu, Greece

Politics Realted Stories

MumbaiWho Is Tejasvee Ghosalkar? Shiv Sena UBT Leader and Former Corporator Joins BJP Ahead of BMC Polls

MaharashtraSanjay Raut Says Sena–MNS Already Together No Need Others Permission

MaharashtraBig Jolt to Sharad Pawar as Salil Deshmukh, Son of Anil Deshmukh, Quits NCP-SP

PoliticsEknath Shinde Issues Strict No-Crossover Order After Meeting Amit Shah; Directive Communicated to All Shiv Sena Leaders

MaharashtraBMC Elections 2025: Devendra Fadnavis Says Clarity on Seat-Sharing Will Emerge in Two Days