WASHINGTON (AFP) - the Fund International Monetary Friday approved a loan of three years 26 billion euros ($36.9 billion) at the Portugal in a rescue of the European Union in the country who have difficulties of the euro area.
"Forward" program makes about "immediately available at the Portugal" € 6.1 billion of the IMF, the Washington-based institution said in a news release.
He said: "the financing package is designed to allow Portugal some respite borrowing markets while it illustrates the implementation of the policy measures necessary to get the economy on track,".
The loan is part of three years, rescue of EU and the IMF of 78 billion euros for the Portugal unanimously agreed by EU Finance Ministers Monday.
The money comes if Lisbon embarks on a major raft of compromise of public sale.
Portugal becomes the third country of the euro area in a year to receive a rescue EU and IMF billion $-euro, after the Greece and the Ireland.
The Executive Board of the IMF loan approved Friday is an extended Fund Facility, aimed at supporting economic adjustments of the Portuguese authorities and growth program, the IMF said.
"The Portuguese authorities have put forward a programme which is economically well balanced and the creation of jobs and growth in its centre," acting IMF Managing Director John Lipsky said in the statement.
"It addresses the fundamental problem in the Portugal, the low growth, with a mixture of policy based on restoring competitiveness through structural reforms, ensuring a balanced fiscal consolidation path and stabilize the financial sector."
The IMF said loan won approval of emergency fast track and has "extraordinary access" to the resources of the IMF.
For all 2011, the total funding of IMF to the Portugal amounts to 12.6 billion euros and is going to be in partnership with the commitment of the European Union of€ 25.2 billion.
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