Greece will repay 5.3 billion euros ($5.8 billion) of loans owed to eurozone countries ahead of schedule next month, according to Finance Ministry officials.
The country hopes to repeat this move in 2024. Greece received over 260 billion euros in loans from the eurozone and the International Monetary Fund (IMF) during its decade-long debt crisis. The repayment refers to loans maturing in 2024 and 2025.
Greece aims to improve its debt sustainability and has plans to repay more bilateral loans next year. Since emerging from bailouts in 2018, Greece has relied on bond markets for its borrowing needs. It has a liquidity buffer of more than 35 billion euros.
Greece expects economic growth of 2.9% in 2024, higher than the eurozone average, and hopes to achieve a 2.1% of GDP primary budget surplus next year.
Greece will repay 5.3 billion euros ($5.8 billion) of loans owed to eurozone countries ahead of schedule next month, according to Finance Ministry officials. The country hopes to repeat this move in 2024. Greece received over 260 billion euros in loans from the eurozone and the International Monetary Fund (IMF) during its decade-long debt crisis. The repayment refers to loans maturing in 2024 and 2025. Greece aims to improve its debt sustainability and has plans to repay more bilateral loans next year. Since emerging from bailouts in 2018, Greece has relied on bond markets for its borrowing needs. It has a liquidity buffer of more than 35 billion euros. Greece expects economic growth of 2.9% in 2024, higher than the eurozone average, and hopes to achieve a 2.1% of GDP primary budget surplus next year.
