Displaying items by tag: staikouras

Greek Finance ministry has launched procedures for the early repayment of a chunk worth 3.6 billion euros of a loan received by the International Monetary Fund. The specific repayment will cover loans ending in 2021 and 2022, Finance Minister Christos Staikouras said on Monday. It will be the second early repayment of IMF loans within a year, totaling 6.3 billion euros, from a total of around 8.0 billion euros received from the IMF, or around 80 pct.

Finance Minister Christos Staikouras on Thursday said that he was particularly satisfied with the 6th Enhanced Surveillance Report on Greece released by the European Commission, on the basis of which a “green light” has been given for the disbursement of a 748-million-euro installment of ANFAs and SMPs, the profits from Greek bonds held by the European Central Bank and the central banks of EU member-states. The minister pointed out that the Commission recognizes the country’s efforts in the economy, even in the midst of particularly adverse conditions.

Looking to the next day and at ways to recover its economy which suffered a heavy blow due to the coronavirus (Covid-19) pandemic, Greece is aiming to redefine two of its top sectors: tourism and exports.