The last tranche to close Greece’s IMF loan relationship is scheduled for June 3, 2024.
This date is not going to change. What may differ, however, is the cost of servicing the IMF loans.
Last year, then-Finance Minister Euclid Tsakalotos had discussed at the IMF meeting with Christine Lagarde about Greece’s intention to repay some expensive IMF loans early, which had a 5% interest rate burden.
How much do we still owe to the IMF
The former head of the IMF has given her approval and the ball has passed to the Europeans who have turned on the green light on the condition that this early repayment will be self-financed.