World Economy

Portugal to Clear Extra IMF Debt

Portugal to Clear Extra IMF DebtPortugal to Clear Extra IMF Debt

Portugal’s finance minister has said that the country intended to make an early repayment of €1 billion ($1.12 billion) to the International Monetary Fund before the end of this month as part of the bailout package loans, PortugalNews reported. Speaking to reporters at the end of a meeting with fellow finance ministers, which touched on the request at the previous Ecofin meeting asking that Portugal could make an early repayment to the IMF of up to €10 billion, Mario Centeno said the process was going well and he hoped to be able to repay a tenth of this amount before the end of June.


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