CYPRUS
 
IMF Awards Cyprus €85Mn After First Bailout Review
 
The IMF on 15 September 2013 released the second tranche of bailout funds to Cyprus after completing the first review of the island’s performance under a three-year €1bn (SDR891mn, about $1.3bn) extended fund facility (EFF). The EFF deal was approved in May – following months of talks among Eurozone finance ministers over bank bailout terms (MEES, 19 April) – as part of a €10bn...