Portugal looks to repay IMF debt early



The Portuguese Finance Minister has reportedly started making arrangements to repay about 14 billion euros borrowed from the IMF.





The amount is roughly half that handed to Portugal by the institution and about a fifth of the total given to the country by the bailout Troika in 2011.





The early repayment comes after Portugal managed to raise funding on markets with maturity rates of 2.5 percent, whereas the IMF is charging Portugal 3.7 percent interest for the money it lent.