Menu Search Facebook Twitter
Search Close
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers

Portugal Repays Half of IMF Loan, Calls it Sign of Health

Portugal has already paid back 13 billion euros to the IMF

File photo of Portuguese Mi8nister of Finance Mario Centeno, photo: AP/Armando Franca
10 months ago

LISBON, Portugal  — Portugal’s government says it has paid back to the International Monetary Fund half the money it received from the institution as part of a bailout in 2011, and says the early repayment is evidence the country is financially healthy again.

The Finance Ministry said Monday it last week returned to the IMF 1.7 billion euros ($1.8 billion) — an amount that was due for repayment in 2019. That means Portugal has already paid back 13 billion euros to the IMF.

Portugal neared bankruptcy in 2011 amid the eurozone financial crisis, when it had less than 400 million euros in the Treasury. Its European Union partners joined the IMF to grant it a 78 billion-euro rescue.

Paying back its loans early saves Portugal interest that is due on the loan.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

3 days ago

Prosecutors: No charges against conducto ...

3 days ago
Latest News

Southern snowfall isn't deep, but many f ...

4 days ago
Latest News

New Mexico school shooter left note plot ...

4 days ago
Most Popular

Dutch town tests driverless buses

By The Associated Press

Up to 90 Million More Takata Airbag Infl ...

By The Associated Press

German Toolmakers Open up Shop in San Mi ...

By Ricardo Castillo

BP Estimates Cost of 2010 Gulf Oil Spill ...

By The Associated Press

Liverpool Will Buy Suburbia from Wal-Mar ...

By The News