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Lagarde wants IMF to participate in Cyprus aid

Other News Materials 16 March 2013 08:31 (UTC +04:00)
The chief of the International Monetary Fund (IMF) Saturday expressed her intention to participate in a bailout for debt-ridden Cyprus, dpa reported.
Lagarde wants IMF to participate in Cyprus aid

The chief of the International Monetary Fund (IMF) Saturday expressed her intention to participate in a bailout for debt-ridden Cyprus, dpa reported.

"I will be making a recommendation to the board that the IMF participate in the financing of this programme," managing director Christine Lagarde said in Brussels after talks between eurozone ministers resulted in a rescue package.

She said the plan for Cyprus was "sustainable," fully financed and includes appropriate burden-sharing.

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