Lagarde wants IMF to give to Cyprus bailout, can't say how much
BRUSSELS, March 16
BRUSSELS, March 16 (Reuters) - A rescue plan agreed for Cyprus is financially sound and allows the International Monetary Fund to make a contribution, but it is too early to say how much it will give, the Washington-based lender said on Saturday.
"We believe the proposal is sustainable for the Cyprus economy, it is fully financed... The IMF is considering proposing a contribution to the financing of this package," the IMF's Managing Director Christine Lagarde said.
"The exact amount is not yet specified. It will take some time," she told a news conference.
- White House reverses, says Obama met uncle and lived with him during law school
- Flights delayed as air pollution hits record in Shanghai
- South Africa mourns Mandela, will bury him on December 15 |
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Analysis: Boeing bidders dangle goodies to win 777X jetliner