Tag: recapitalization

Lagarde Hails Cyprus on Financial Stability, Approves $113.1 Million Facility

By Peter OBIORA InvestAdvocate   Lagos (INVESTADVOCATE)- Christine Lagarde, Managing Director  (MD) of the International Monetary Fund (IMF) Monday commended Cyprus on steps taken to ensure financial stability of the country and approved the disbursement of about  ÃƒÂ¢Ã¢â‚¬Å¡Ã‚¬84.7 million, or US$113.1 million extended fund facility (EFF).   This is coming […]