The International Monetary Fund will not release $108 million in rescue money for Cyprus, following a vote by the country's parliament to suspend a foreclosure law required under the loan program.
"Following today's suspension of the existing legislation on foreclosure, critical requirements for the completion of the fifth program review are now no longer met," the IMF said in a statement. "We look forward to continued cooperation, and will agree with the authorities on next steps in the period ahead."
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Nursing is no longer considered a professional degree by the Department of EducationThe Explainer An already strained industry is hit with another blow
-
6 gripping museum exhibitions to view this winterThe Week Recommends Discover the real Grandma Moses and Frida Kahlo
-
Why do Republicans fear swing state immigration raids in North Carolina?Today's Big Question Trump's aggressive enforcement sparks backlash worries
-
Judge halts Trump’s DC Guard deploymentSpeed Read The Trump administration has ‘infringed upon the District’s right to govern itself,’ the judge ruled
-
Trump accuses Democrats of sedition meriting ‘death’Speed Read The president called for Democratic lawmakers to be arrested for urging the military to refuse illegal orders
-
Court strikes down Texas GOP gerrymanderSpeed Read The Texas congressional map ordered by Trump is likely an illegal racial gerrymander, the court ruled
-
Trump defends Saudi prince, shrugs off Khashoggi murderSpeed Read The president rebuked an ABC News reporter for asking Mohammed bin Salman about the death of a Washington Post journalist at the Saudi Consulate in 2018
-
Congress passes bill to force release of Epstein filesSpeed Read The Justice Department will release all files from its Jeffrey Epstein sex-trafficking investigation
-
Trump says he will sell F-35 jets to Saudi ArabiaSpeed Read The president plans to make several deals with Saudi Crown Prince Mohammed bin Salman this week
-
Judge blasts ‘profound’ errors in Comey caseSpeed Read ‘Government misconduct’ may necessitate dismissing the charges against the former FBI director altogether
-
Ecuador rejects push to allow US military basesSpeed Read Voters rejected a repeal of a constitutional ban on US and other foreign military bases in the country
