Portugal passes news IMF rescue review

Comment on this story
portugal-flag1

Washington - The International Monetary Fund approved Wednesday the disbursement of a fresh 910 million euros ($1.24 billion) to Portugal after the country passed the 10th review of its bailout program.

The newest disbursement came as Lisbon looked toward the end of the three-year 78 billion euro EU-IMF rescue launched in May 2011.

On Tuesday, the government demonstrated the progress it has made in restructuring its finances, successfully raising 3 billion euros in financing from the commercial debt market.

It was a key test of whether the country can exit the EU-IMF bailout program cleanly in May. - Sapa-AFP


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines