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How Often Does This Happen? Never? Small Country Pays Off Debt to IMF.

Has this ever happened in the history of the IMF? Just askin'.


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DP People are the Best.

Thanks for the comments and info.

God forgives always. Man forgives sometimes. But Nature never forgives.

Immaculate Money Fountain Quiz: How to keep poor paying?

Disclaimer: This is not a solicitation. Seek a broker if you seek to be so.

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Rarely paid-in-full. Oft late "restructured" (extend &.pretend).

Brazil and Argentina have paid in full — and earlier than [No "early" payment found. Do you mean: following "restructure," budget deficit, national debt default, economic collapse... ?] expected—their entire outstanding obligations to the IMF amounting to $15.46 billion and $9.6 billion, respectively. IMF Managing Director Rodrigo de Rato welcomed the December 13 and 15 decisions.

Brazil’s decision, de Rato said, reflects the growing strength of the country’s external position, “especially continuing substantial trade and current account surpluses and strong capital inflows that have greatly boosted reserves and reduced
external debt.” More fundamentally, de Rato added, “the
excellent track record of policy management by the Brazilian
authorities has provided the basis for the consolidation of
market confidence, the sustained improvement of macroeconomic performance, and an improvement in the profile of
domestic as well as external debt.”

The decision made by Argentina’s authorities, de Rato said,
“reflects their confidence that their external position is sufficiently strong to warrant early repayment.”

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul

Pretty sure that

Romania and Albania managed to do this before under
their communist governments - maybe that's why they
were in such a hurry to execute Ceausescu - debt was paid off in April, 1989 he and
his wife were executed that December...

"Retirement of the Foreign Debt

After 1983 Ceausescu refused to seek additional loans from the IMF or the World Bank and severely curtailed imports from hardcurrency nations while maximizing exports--to the great detriment of the standard of living. As a consequence, Romania ran balanceof -trade surpluses as large as US$2 billion per year throughout the rest of the decade. With great fanfare, Ceausescu announced the retirement of the foreign debt in April 1989, proclaiming that Romania had finally achieved full economic and political independence. Shortly thereafter, the GNA enacted legislation proposed by Ceausescu to prohibit state bodies--including banks-- from seeking foreign credits."