RPT-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.
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- Pope Francis named Time's Person of the Year
- Thousands of South Africans line up to see Mandela lie in state |
- China bitcoin arbitrage ends as traders work around capital controls