The Azerbaijan State News Agency

Azerbaijani, Uzbekistan`s deposit institutions sign memorandum on bilateral cooperation
Video on Patriotic War shared on President Ilham Aliyev's social media accounts VIDEO
Parviz Shahbazov: More than 1.1 million tonnes of oil supplied to Vietnam since 2023
President Ilham Aliyev received newly appointed Georgian ambassador to Azerbaijan VIDEO
Caspian Construction Week highlights youth involvement in Garabagh’s revival
Baku hosted 7th CICA Summit
President Ilham Aliyev addressed the event VIDEO
President Ilham Aliyev’s social media accounts shared video on 7th CICA Summit VIDEO
President Ilham Aliyev met with Amir of Qatar VIDEO
President Ilham Aliyev received Türkiye’s Minister of Foreign Affairs VIDEO
Sports-FIFA postpones FIFAe Finals in Saudi Arabia following attacks
President: Peace remains fragile and must be protected and strengthened
President Ilham Aliyev: Wars will continue until mechanisms are developed to ensure implementation of UN Security Council resolutions
President: Azerbaijan actively opposes harmful practice of applying double standards in resolving inter-state conflicts
President Ilham Aliyev: Azerbaijan plays an increasingly important role as a connecting hub in the Eurasian space
Laos accedes to CICA

WORLD

IMF releases 4 bullion euros to Portugal

13.09.2011 [14:00]
Print
A⁺ A^-

Baku, September 13 (AZERTAC). The International Monetary Fund (IMF) announced Monday it has completed the first review of Portugal`s performance under a multi-year economic program, which enables the immediate disbursement of an amount equivalent to 3. 467 billion IMF special drawing right (SDR), or, about 3.98 billion euros, to the nation.

This allocation has brought total IMF disbursements under the Extended Fund Facility (EFF) to 9.078 billion SDR, or about 10.43 billion euros, the Washington-based lender said in a statement.

The EFF, which was approved in May 2011, is part of a global package of financing with the European Union amounting to 78 billion euros over three years in support of Portugal's economic recovery.

Established in 1974, the EFF mechanism is typically three years in duration and aims at providing assistance to countries experiencing serious medium-term payments imbalances due to structural impediments in production and trade.

Follow us on social network

Other news in this section

Saudi energy minister says global energy security faces ‘real test’

17.10.2026 [14:19]

Saudi energy minister says global energy security faces ‘real test’

Trump waives several Russia sanctions as new US law takes effect

17.10.2026 [10:26]

Trump waives several Russia sanctions as new US law takes effect

Iran says oil tanker hit naval mine in Strait of Hormuz

17.10.2026 [09:57]

Iran says oil tanker hit naval mine in Strait of Hormuz

Army chief warns Britons will have to make ‘sacrifices’ to prepare for war

16.10.2026 [22:28]

Army chief warns Britons will have to make ‘sacrifices’ to prepare for war

Ethiopia's Abiy names new Tigray government, wants polls in six months

16.10.2026 [20:18]

Ethiopia's Abiy names new Tigray government, wants polls in six months

Incredible ‘seal’s eye view’ image wins this year’s OurNature Environmental Photo & Video Award

16.10.2026 [19:20]

Incredible ‘seal’s eye view’ image wins this year’s OurNature Environmental Photo & Video Award

Japan police to study GPS monitoring of stalkers

16.10.2026 [19:05]

Japan police to study GPS monitoring of stalkers

Italy and Spain move to end border dispute after Meloni-Sánchez talks

16.10.2026 [18:52]

Italy and Spain move to end border dispute after Meloni-Sánchez talks

China completes world's third robotic arm-assisted heart transplant

16.10.2026 [16:32]

China completes world's third robotic arm-assisted heart transplant