Portugal makes another early IMF repayment, 80 percent now paid

Page created: Tuesday, 19 December 2017 15:07 GMT

IMF  Portugal

LISBON (Reuters) – Portugal has made another early repayment of its bailout loan to the International Monetary Fund, bringing the total paid this year to 10 billion euros, the finance ministry said.

The ministry said in a statement late on Monday that the country has now paid off about 80 percent of the 26.3 billion euros it owes the IMF, as part of the bailout it received from the Washington-based lender and the European Union in 2011-14.

The last payment, of 1 billion euros, was due in May 2021.