Embassy of Portugal in United Kingdom

Ministry of Foreign Affairs

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Welcome to the website of the Embassy of Portugal in the United Kingdom. Here you will find updated information on our activities, aimed at promoting and strengthening the bilateral relationship between Portugal and the United Kingdom on the political, economic, cultural and educational levels. We would like to remind you that all consular services offered in the United Kingdom, including those for the Portuguese community, are provided by the Consulates-General in London and Manchester (more information is available in the “Consular Section” tab)

Portugal makes another 2,780 million euros early repayment to the IMF

Portugal made yesterday a 2 780 billion EUR early repayment to the IMF. This anticipation refers to a payment that would be done between June 2020 and May 2021. During 2017 Portugal repaid 9 012 million EUR to the IMF. This is the highest amount ever paid in a single year. With this payment, Portugal has repaid 76% of the original IMF loan, which amounted to 26 300 ME. The IMF's early repayment plan will continue to be implemented throughout 2018. Early repayments to the IMF contribute decisively to improving debt sustainability while reducing the cost of debt. Moreover, it allows for a more balanced management of payments while it increases average maturity of the Portuguese debt.



11, Belgrave Square
London, SW1X 8PP

(0044) 207 2355331

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