The Eurogroup welcomes the anticipated early reimbursement by Greece of its excellent Worldwide Financial Fund (IMF) mortgage this spring and the partial prepayment of its loans underneath the Greek Mortgage Facility (GLF) on the finish of this 12 months, topic to nationwide procedures and the related approval by EFSF and ESM decision-making our bodies.
On 6 December, Greece knowledgeable the Eurogroup that it was contemplating an early reimbursement of the remaining quantity of its excellent IMF mortgage, in addition to a partial prepayment of its loans underneath the GLF. The partial prepayment of the GLF would correspond to the principal funds due till the tip of 2023 underneath the GLF.
As we speak the Eurogroup recalled the constructive developments of the Greek financial system, together with a robust restoration from the pandemic and the coverage reforms which have been applied even in difficult circumstances, which permit Greece to envisage these repayments. We underline the significance of continued reform implementation additionally within the context of the Greek Restoration and Resilience Plan.
The Eurogroup stresses the constructive affect that the early repayments can have on Greece’s public funds and the sign of confidence to monetary markets. The Eurogroup additionally welcomes the participation of the ΙMF within the monitoring actions of European collectors for the rest of the improved surveillance interval.