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Greece completes early repayment of 2.7 billion euros debt to IMF

Christian Fernsby |
Greece completed the early repayment of 2.7 billion euros of the some 9 billion euros total outstanding debt owed to the International Monetary Fund on Monday, Finance Ministry said.

Topics: GREECE    DEBT    IMF   

The Finance Ministry had requested the activation of the process on September 16, it said.

"Through this move, the country’s credibility is strengthened, the cost of borrowing is reduced, smaller amounts are paid, the sustainability of public debt is improved and the trust of international market confidence is further enhanced," the Ministry said in a statement.

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