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Tags: IMF | Portugal | debt

Portugal Passes New IMF Rescue Program Review

Wednesday, 12 February 2014 05:59 PM

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.

© AFP 2021


Europe
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.
IMF,Portugal,debt
95
2014-59-12
Wednesday, 12 February 2014 05:59 PM
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