Home Insurance Unique-Greece to repay final IMF loans by March, obtain main surplus in 2023-Finance Minister By Reuters

Unique-Greece to repay final IMF loans by March, obtain main surplus in 2023-Finance Minister By Reuters

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Unique-Greece to repay final IMF loans by March, obtain main surplus in 2023-Finance Minister By Reuters

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© Reuters. FILE PHOTO: Greek Finance Minister Christos Staikouras pauses throughout an interview with Reuters at his workplace within the Finance Ministry in Athens, Greece, December 17, 2019. Image taken December 17, 2019. REUTERS/Costas Baltas/File Picture

ATHENS (Reuters) – Greece will repay the ultimate tranches of bailout loans owed to the Worldwide Financial Fund by the tip of March, two years forward of schedule, Finance Minister Christos Staikouras advised Reuters on Monday.

“Greece has formally submitted a request for the complete reimbursement of the excellent stability of its IMF loans. The related process has been launched and is predicted to be accomplished on the finish of March,” he mentioned.

The nation, which obtained greater than 260 billion euros in bailout loans from the European Union and the IMF throughout its decade-long monetary disaster, has relied solely on bond markets for its financing wants since exiting its third bailout in 2018.

Staikouras mentioned that regardless of growing spending to cope with the affect of the COVID-19 pandemic, Greece will return to a main surplus from 2023 onwards, as promised to its lenders.

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