“Today, despite the international upheaval, the national economy remains firm on the path of progress and alongside the citizen. We said it, we do it!” he added.
The Greek Finance Minister, Christos Staikouras, had indicated that the repayment of the pending debt with the IMF “closes a chapter that was opened in May 2010, with Greece’s request to the Fund for financial support”, stressing that the payment anticipated will save 230 million euros for the Greek budget.
Last week, the boards of directors of the European Stability Mechanism (ESM) and the European Financial Stability Fund (EFSF) agreed to waive the compulsory repayment obligation of ESM/EFSF loans in respect of early repayment of outstanding loans from Greece to the IMF, allowing the Greek country to settle its debt with the international institution without having to make an early repayment to any other entity.
This allowed Greece to cancel debt in advance with a payment of 2,040 million dollars of remaining debt with the IMF, according to the agency. Europe Press.
Greece had to be rescued up to three times between 2010 and 2015, although the IMF only participated as a lender to the Hellenic country in the first two programs, with financial assistance of around 32,000 million euros.
Source: Ambito
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