Ireland Repays Significant Part Of IMF Debt 4 Years Early

Ireland on Friday repaid a significant part of its debt to the International Monetary Fund (IMF) four years early, with a total of 3.5 billion euros ($3.9 billion), according to media reports. Friday's payment comes shortly after the formerly troubled nation paid 9 billion euros ($10 billion) in December. Ireland, which initially borrowed 22.5 billion euros ($25.5 billion) from the IMF, has to repay a reduced debt of 18 billion euros ($20 billion).