- LISBON: The IMF said it will take part in the technical assessment of the Portuguese economy now that the country has sought a bailout.
On Friday, EU finance ministers meeting in Hungary agreed to grant financial help to Portugal once the country has signed on to a radical overhaul of its economy.
Similar bailouts for Greece and Ireland last year have sparked voter outrage as well as questions over how the deep spending cuts will affect the countries’ ability to grow economically again.
In statement issued in Washington, Caroline Atkinson, director of external relations at the International Monetary Fund, said: “Following a request by the Portuguese authorities, IMF experts will join European Commission and European Central Bank teams for a technical assessment of the current situation of the Portuguese economy on Tuesday. This will serve as basis for the policy discussions that will start the following Monday, April 18.”

