|21 November, 2019

Greece to conclude early repayment of IMF loans next week - finmin

The move allows Athens to reduce its debt-servicing costs

Greek and EU flags flutter at an open air kiosk selling flags in Athens, Greece, June 22, 2015.

Greek and EU flags flutter at an open air kiosk selling flags in Athens, Greece, June 22, 2015.

REUTERS/Yannis Behrakis - RTX1HM1C

ATHENS- Greece will conclude an early repayment of loans from the International Monetary Fund (IMF) next week, Finance Minister ChrIstos Staikouras said on Thursday.

The move allows Athens to reduce its debt-servicing costs, because IMF loans carry higher interest than Greece would now pay in the market.

(Reporting by Lefteris Papadimas) ((michele.kambas@thomsonreuters.com;))

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