According to the news agency, the time table for making an early payment and covering the loans is within the next two months. The reason, according to the same sources, is to reduce Greece’s debt-to-GDP ratio, as well as to send a signal to international markets that the Greek economy is robust and resilient.
The IMF portion deals with 1.8 billion euros provided to the country as part of the first and second bailouts, between 2010 and 2014, and was due to mature in 2024.
Greece, under the Mitsotakis government, has already pre-paid six billion euros worth of IMF loans, beginning in 2019.
Additionally, 5.3 billion euros will reportedly be paid to cover loans to Eurozone member-states, borrowing that was set to mature in 2023.
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