The process of early repayment of the high-interest part of the 2.7 billion-euro IMF loan was completed on Monday, following the Finance Minister’s decision.

The procedure was initiated at the official request of the Ministry of Finance on 16 September 2019.

“With its completion, one more commitment the New Democracy government had made, is being implemented. This will strengthen the country’s credibility, reduce borrowing costs, pay less, improve the public debt’s sustainability and further boost confidence in international markets, the Ministry of Finance said, in an official statement.