Bailout: IMF ‘in talks’ with Lisbon authorities on date of next review


IMF spokesman Gerry Rice said that officials were discussing with Lisbon the “exact timing” of the mission’s next visit. The review was to have started on 15 July.

Politics What's New — 11 July 2013 by Lusa News
Bailout: IMF ‘in talks’ with Lisbon authorities on date of next review

International Monetary Fund (IMF) Director of External Relations Gerry Rice (Photograph: IMF)

The International Monetary Fund said on Thursday that it is in talks with the authorities in Portugal on the date of the start of the next regular review of the country’s progress in implementing its eurozone bailout, which is currently scheduled for Monday.

IMF spokesman Gerry Rice said during his fortnightly new conference that officials were discussing with Lisbon the “exact timing” of the mission’s next visit.

The review, which would normally be carried out by officials from the IMF, European Commission and European Central Bank – the three institutions that are overseeing the bailout – was to have started on 15 July. That is already later than would originally have been expected, after delays in completing a difficult seventh review in the wake of the rejection by Portugal’s Constitutional Court of parts of the state budget for this year.

The IMF spokesman declined to comment on the political situation in Portugal, but argued that it should stick with the programme, saying the country had made “significant progress” and its people shown “great determination and sacrifice”. Completing the programme is, he said, necessary for recovery.

Portugal’s president on Wednesday called in a statement to the nation for a “commitment to national salvation” between the three parties that originally signed up to the bailout, in order to ensure it is completed.

That followed extensive consultations with parliamentary parties, employer groups and trades unions, in the wake of the crisis triggered last week when the junior partner in the governing coalition tendered his resignation as foreign minister.

Related Articles

About Author

Lusa News

(0) Readers Comments

Comments are closed.