More early IMF loan payments
The Public Debt Management Agency is targeting more early loan repayments to the International Monetary Fund next year if the interest cost makes financial sense and the country's creditors agree, Kathimerini understands. Its loan strategy for 2020 also includes a significant reduction of treasury bills.
Maintaining the state's high cash reserves - which currently amount to about 32 billion euros and are the country's main weapon that allow it to borrow at low interest rates - will remain a priority for the PDMA until Greece returns to investment grade.
This principle will be a key guideline for the PDMA next year too. The authority will proceed with cautious and targeted moves to enhance investor confidence further. According to planning to date, debt issues in 2020 may range between 7 and 9 billion euros, depending on market conditions, even if - as Kathimerini has...