A team of IMF, European Central
Bank and European Commission inspectors arrived here Monday to assess the
Portuguese economy, the first evaluation of its kind since the country agreed to
receive international bailout loans.
A team of IMF, European Central
Bank and European Commission inspectors arrived here Monday to assess the
Portuguese economy, the first evaluation of its kind since the country agreed to
receive international bailout loans.
It was billed as a preliminary
mission in preparations for a formal evaluation of the country's economic
performance and implementations of the recovery measures, which were part of the
conditions Portugal agreed to swallow in exchange for as much as 70 billion
Euros (99.96 billion U.S. dollars)in loans from the three international
institutions.
While receiving foreign loans,
Portugal said it would continue to issue Treasury bills to fund its recovery.
VietNamNet/Xinhuanet