Iceland to repay debt to Poland ahead of schedule

Poland's MinFin Mateusz Szczurek is meeting his counterpart during a visit to Iceland on Wednesday. Iceland's authorities are announcing the repayment of a Polish loan before its due date. Szczurek explained that Iceland made use of the first tranche of aid amounting to PLN 210 million. As a result of the improving financial and economic situation, the country managed to repay most of its obligations to various financial institutions before the deadline. The authorities of the country asked for the possibility of early repayment of the Polish loan. In 2009, Poland offered a loan to ailing Iceland amounting to PLN 630 million.