The European Financial Stability Fund (EFSF) approved a €3.7 billion transfer to the Portuguese government’s accounts, following troika’s eighth and ninth reviews of the country’s financial adjustment programme.
Now, only €1.2 billion is left to be transferred sometime around the first half of 2014, before Portugal’s adjustment plan comes to an end.
Klaus Regling, the head of EFSF, believes Portugal is on track to complete the programme.
