IMF OKs $314 million disbursement for bailed-out Cyprus; praises progress, urges vigilance

June 19, 2015 8:03 PM

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NICOSIA, Cyprus – The International Monetary Fund has approved a $314 million disbursement for bailed-out Cyprus, praising the country's progress in meeting fiscal targets while urging authorities to push ahead with structural reforms.

The IMF said Friday that Cyprus has so far received nearly three quarters of a $1.13 billion assistance package under the country's 2013 rescue deal. The European Union is providing another $10.17 billion.

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