Edition 1453
09 December 2017
Edition: 1453

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IMF to be repaid €500M earlier than planned

by TPN/ Lusa, in News · 06-12-2017 08:38:00 · 0 Comments

The Portuguese secretary of state of finances, Ricardo Mourinho Félix, told the EU finance ministers on Tuesday that Portugal intended to pay the International Monetary Fund (IMF) at least €500 million earlier than expected this year.

IMF to be repaid €500M earlier than planned

 

He said that the exact amount of the loan the IMF gave Portugal as part of its bailout (2011-2014), to be repaid early would take into account the end of year accounts and the current budget situation.

 

I am convinced that we will be able to repay at least €500 million extra this year, which will contribute towards reducing the debt, reducing the cost of the debt and bolstering the government debt ratio, he added.

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Edition 1453
09 December 2017
Edition: 1453

Read this week's issue online exactly as it appears in print.

Twitter