IMF: Sixth Review Mission to Portugal

Press Release No.12/448
November 19, 2012

The government’s program is supported by loans from the European Union amounting to €52 billion and a €26 billion Extended Fund Facility with the IMF. Approval of the conclusion of this review will allow the disbursement of €2.5 billion (€1.6 billion by the EU, and €0.9 billion by the IMF). These disbursements could take place in January 2013 subject to the approval of the IMF Executive Board and ECOFIN and Eurogroup. The joint mission for the next program review is expected to take place in February 2013.

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