BRUSSELS (Reuters) - Cyprus will get the first tranche of a 10 billion euro international bailout in early May after all formalities are finished in April, Klaus Regling, the head of the euro zone bailout fund, the European Stability Mechanism, said on Tuesday.
The head of the International Monetary Fund, Christine Lagarde, said after a meeting of euro zone finance ministers who agreed to the bailout that she would recommend to the board of the IMF that they should take part in the programme, but did not specify the amount.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
