Edition 1517
16 March 2019
Edition: 1517

Read this week's issue online exactly as it appears in print.

Twitter

Portugal pays off IMF loan

by TPN/Lusa, in Business · 13-12-2018 09:45:00 · 0 Comments

Portugal’s minister of finance, Mário Centeno, has said that Portugal has paid off the total amount it owed the International Monetary Fund (IMF), with a settlement of €4.7 billion.

Portugal pays off IMF loan

At a press conference at the Ministry of Finance in Lisbon this week, Centeno said that the total payment of the IMF loan, which amounts to €29 billion, has been paid, stressing that the savings estimated with the advance payment of what was needed, €4.7 billion, totalled about €100 million.
In total, the savings accumulated over the last two years will be €1.16 billion, Centeno said.
Centeno also said, that the government maintains the goals for 2018 and 2019 to reduce the debt ratio in GDP to 121.2 percent and 118.5 percent, respectively.

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Edition 1517
16 March 2019
Edition: 1517

Read this week's issue online exactly as it appears in print.

Twitter

Pub

  • Intermarche
  • Veronica Pisco Lawyer
  • Abacoz
  • Blacktower
  • Linen Etc
  • Cris Piessens
  • Land and Houses
  • Toldolanda
  • Malo Clinic
  • Nobel International School
  • Audiocare

Portugal in the world press

Powered by Google