Portugal: IMF team arrives in Lisbon to organise supervision
During the summer, Lisbon will receive a “full mission for public finance management”, said an IMF official
Finance Ministry will receive the IMF team Photograph: Jorge Firmino
An International Monetary Fund (IMF) technical mission was expected in Lisbon Monday for two days of “preliminary” work to set up the organization’s supervision of its bailout program for Portugal.
A “full mission for public finance management” will head to Lisbon during the summer, an IMF official told Lusa.
Lisbon received a first €6.1 bn tranche from the IMF package totalling €26bn last week.
Brussels was expected to deliver its first loan, €1.75bn, on Tuesday with another €4.75bn expected Wednesday.
The European Commission said these first two tranches of EU aid to Portugal would leave Lisbon in a near-term “situation of comfortable liquidity”.
The three-year financial rescue package negotiated with Brussels and the IMF foresees loans totaling €78bn, with the IMF picking up one-third of the amount.
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jose correia
ola,esta muito bem .
continum a sim boa sorte.
paintball guns
biggest mistake belarus will ever make. Once you’re in the IMF’s pockets.. worse than selling your soul.