Athens launches drive to pre-pay part of IMF loan, bringing budget benefits

EconomyProgramme Tags: Debt, ESM, IMF
Photo via Flickr https://flic.kr/p/7BWNey
Photo via Flickr https://flic.kr/p/7BWNey

Greece has launched the formal process to pre-pay part of the loans it has received from the International Monetary Fund after Finance Minister Christos Staikouras officially requested clearance from the European Stability Mechanism in a letter on Monday.

The previous government had stated its intent earlier this year to repay some IMF loans ahead of time. But political developments that led to the early elections and some fiscal decisions that were taken without the creditors’ approval put the process o...

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