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Cyprus makes early repayment of IMF loan, saving €13.4 million
Posted: Sat Feb 29, 2020 5:33 pm
by Paphos Life
The Republic of Cyprus fully repaid on Thursday an International Monetary Fund (IMF) loan granted to the country in the period 2013-2016.According to a written statement from the Ministry of Finance, the total repayment amounted to €716.67 million (569, 63 m SDR)....
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Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
Posted: Sat Feb 29, 2020 5:42 pm
by WHL
Good news
Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
Posted: Sat Feb 29, 2020 5:48 pm
by LouiseCastricum
Very well done!
Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
Posted: Sat Feb 29, 2020 6:41 pm
by wilky
That I cute accounting move the debt to the kids they have 20years to pay it
Re: Cyprus makes early repayment of IMF loan, saving ???13.4 million
Posted: Sun Mar 01, 2020 7:43 am
by PW in Polemi
Oh good, now maybe the government will remember that they increased VAT to its current 19% as a temporary measure during the financial problems period ...
Re: Cyprus makes early repayment of IMF loan, saving €13.4 million
Posted: Mon Mar 02, 2020 7:52 am
by PW in Polemi
Not so much optimism, Lloyd, more a tongue in cheek comment. Anybody with a grain of realism knows that once a government has got used to receiving and spending the revenue generated by "temporary'" taxes, the word "temporary" becomes forgotten.
