IMF approves €26 billion extended arrangement for Portugal


The International Monetary Fund (IMF) has released the first instalment of its financial support for Portugal.

The executive board of the IMF on Friday approved a three-year special drawing right (SDR) 23.742 billion (about €26 billion or $36 billion) arrangement under the Extended Fund Facility for Portugal.

The money was given in support of the authority's economic adjustment and growth programme.

This programme made SDR 5.6 billion immediately available to Portugal. In 2011, "total IMF

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: