IMF Disburses $113 Million For Bailed-out Cyprus

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IMF Disburses $113 Million For Bailed-out Cyprus

IMF Disburses $113 Million For Bailed-out Cyprus
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IMF Disburses $113 Million For Bailed-out Cyprus

by Wochit 0:32 mins

The International Monetary Fund said it had completed its first review of its bailout program for Cyprus, enabling the disbursement of $113 million. The Fund said that brought total disbursements under its $1.3 billion loan program for Cyprus to $226 million. Cyprus was badly burnt in the euro zone debt crisis, particularly through its banking sector's close links to troubled Greece.

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