IMF greenlights new wave of funds for ‘resolute' Cyprus


The International Monetary Fund (IMF) has signed off on the disbursement of a second €84.7 million ($113.1 million) tranche of financial support to Cyprus, after concluding its first review of the country's performance under a €10 billion rescue programme launched in conjunction with the European Commission and the European Central Bank (ECB) earlier this year following the collapse of the country's two biggest banks.

The IMF announced in May that it would contribute €1 billion over a three-year

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