19490
Cyprus Loan Approved
World Economy

Cyprus Loan Approved

The Executive Board of the International Monetary Fund completed the combined fifth, sixth and seventh reviews of Cyprus’s economic adjustment program supported by the Extended Fund Facility, India Infoline News Service reported. The completion of these reviews enables the disbursement of SDR 222.75 million (about 316.1 million), which would bring total disbursements under the program to SDR 594 million. The executive board also approved a revised schedule of future disbursements and reviews, given the delay in concluding the current ones. Conclusion of the eighth review is now expected to take place during September 2015, with two more reviews following on a quarterly basis.

Short URL : http://goo.gl/0g5glY

You can also read ...

Fed Chair Race Heats Up
President Donald Trump said he’s considering Stanford...
For the full year 2017, GDP growth may be slightly higher than the 1.4% estimated in the previous bulletin, the Bank of Italy said.
Fitch Ratings has affirmed Italy's sovereign rating at 'BBB'...
If NAFTA is scrapped, some economists predict that the big automakers would just shift production altogether to Europe or Asia.
America’s federal government finished fiscal 2017 with a...
South Korea Exports Rise 6.9%
South Korea’s exports rose 6.9% during the first 20 days of...
French MPs Slash Wealth Tax
French MPs agreed to slash wealth tax as part of the ongoing...
Najib Says Malaysia Reserves at $100 Billion
Malaysia’s international reserves, which amount to more than $...
Cyprus Gets Fitch Upgrade
Fitch Ratings has upgraded Cyprus’ long-term debt in foreign...
Cambodia Growth Remains Robust
The International Monetary Fund said that Cambodia’s economy...

Trending

Googleplus