IMF Completes Seventh Review Under an EFF Arrangement with Portugal, Approves €657.47 Million Disbursement

The International Monetary Fund published the results of the seventh review of the Troika's bailout for Portugal on the 13 June 2013. Portugal's economic outlook was 'sombre' and its public debt condition 'very fragile' although Lisbon had met the latest targets in its €78bn bailout.

• Primary Source

i, 14.06.13: IMF: Order to kill (via PressEurop) http://www.presseurop.eu/en/content/news-brief/3879911-imf-order-kill

IMF: Country Report, No.160, 2013: Portugal: Seventh Review Under the Extended Arrangement and Request for Modification of End-June Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Portugal http://www.imf.org/external/pubs/cat/longres.aspx?sk=40671.0

IMF: IMF and Portugal http://www.imf.org/external/country/prt/

Reuters, 13.06.13: IMF says risks to successful Portugal bailout still high http://uk.reuters.com/article/2013/06/13/uk-portugal-imf-idUKBRE95C0R520130613

France24, 20.05.13: Most Portuguese reject latest bailout terms: poll http://www.france24.com/en/20130520-most-portuguese-reject-latest-bailout-terms-poll

ESO: Background information: Portugal announces plan to prolong austerity beyond bailout http://www.europeansources.info/record/portugal-announces-plan-to-prolong-austerity-beyond-bailout/

ESO: Background information: Troika to assess Portugal’s austerity plans http://www.europeansources.info/record/troika-to-assess-portugals-austerity-plans/

Euronews, 14.06.13: Growth the key in Europe says Portuguese president http://www.euronews.com/2013/06/14/growth-the-key-in-europe-says-portuguese-president/

Open Europe: Flash Analysis, 03.07.13: The forgotten man of the eurozone returns to the headlines as Portuguese government struggles to stay afloat http://www.openeurope.org.uk/Article/Page/en/LIVE?id=12591&page=FlashAnalysis

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