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Tuesday | March 9 | 2021

Greece to repay 3.3 billion euros in debt to the International Monetary Fund

This year, Greece wants to repay 3.3 billion euros in debt to the International Monetary Fund from five billion euros in loans to be paid by 2024, Reuters reports.

The Greek government has already repaid part of its IMF loans in advance in November 2019. The Athens authorities currently have a cash reserve of around € 32 billion.

Since 2010, Greece has received three € 280 billion international assistance packages from the Eurozone and the IMF.

Greece terminated the last assistance agreement in August 2018 and has since secured the necessary financing through loans.

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