The International Monetary Fund released Wednesday a 1.5 billion euro (US$1.9 billion) loan installment to Portugal, after a review of its progress under a bailout program.
\"The Executive Board of the International Monetary Fund today completed the fifth review of Portugal\'s performance under an economic program\" supported by a three-year loan of 28.2 billion euros, the IMF said in a brief statement.
The Washington-based institution said it would publish its staff report on the fifth review of Portugal\'s program Thursday.
In May 2011, Portugal was rescued from a threat of default with a combined IMF-European Union that totaled 78 billion euros.
\"The Executive Board of the International Monetary Fund today completed the fifth review of Portugal\'s performance under an economic program\" supported by a three-year loan of 28.2 billion euros, the IMF said in a brief statement.
The Washington-based institution said it would publish its staff report on the fifth review of Portugal\'s program Thursday.
In May 2011, Portugal was rescued from a threat of default with a combined IMF-European Union that totaled 78 billion euros.