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Story summary
- MSCI announced on March 31, 2026 that Greece will regain developed market status in May 2027.
- The upgrade follows a consultation in which most participants supported the reclassification.
- Greece was downgraded to emerging market status in 2013.
- Minister of National Economy Kyriakos Pierrakakis said the upgrade will enhance Greece's credibility and attract investment.
- An IMF official noted that millions of unprocessed bad loans from the prior crisis hinder growth.
