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

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

InternationalMajor UK Railway Stations Hit by Cyber Attack; Network Rail Suspends Wi-Fi Service

EntertainmentKarishma Tanna Wishes Husband a Happy Birthday With Heartfelt Message in Mykonos (See Pics)

EntertainmentCheck Out: Kim Kardashian Spends Sunny Holiday in Greece

Politics Realted Stories

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala

MaharashtraNCP Leader Suraj Chavan Shares Alleged Black Magic Video of Shiv Sena Leader Bharat Gogawle Amid Row Over Raigad Guardian Post

MaharashtraMaharashtra Politics: Raj Thackeray Meets CM Devendra Fadnavis at Taj Lands End Amid Rumours of MNS–Sena UBT Alliance

MaharashtraMaharashtra Municipal Elections 2025: Mahayuti Alliance to Contest Civic Body Polls Together, Says CM Devendra Fadnavis

Maharashtra'Remembered the Advice My Mother Gave Me': Supriya Sule On Her WhatsApp Status