The Eurogroup of Eurozone finance ministers has approved the
release of the fourth tranche of financial aid to Cyprus by
international creditors. This was generally expected following the
successful completion of the latest progress review by the
"troika" of international lenders, which took place in
February.
A statement issued after the Eurogroup meeting confirmed that the
Eurogroup had endorsed the disbursement of the next tranche of
financial assistance to Cyprus and said that the European Stability
Mechanism is scheduled to disburse €150 million by the
beginning of April. A further €86 million is due to be
released by the International Monetary Fund.
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