Kristalina Georgieva Secures Second Term as IMF Chief
Bulgaria's Kristalina Georgieva has been appointed for a second term at the helm of the International Monetary Fund (IMF)
The International Monetary Fund has announced that it will contribute a total of EUR 1 B, or about 10% of a bailout package for Cyprus in exchange for widespread reforms in the island nation.
The IMF’s contribution would be through a three-year loan, representing about 563 percent of Cyprus’ quota, under the Extended Fund Facility (EFF).
“This is a challenging program that will require great efforts from the Cypriot population,” IMF head Christine Lagarde has said in a statement.
“We believe that it provides a durable and fully financed solution to the underlying problems facing Cyprus and provides a sustainable path toward a recovery.”
The statement follows agreement on Tuesday between Cyprus and the so-called troika of international organizations — the European Central Bank, the European Commission and the IMF - that negotiated the EUR 10 B bailout and the terms of the deal.
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CIA Director William Burns has issued a stark warning, asserting that Ukraine may face defeat in its war against Russia by the end of this year if the United States does not step up its military assistance
EU Commissioner for Home Affairs Ylva Johansson conducted an inspection of border control measures at Sofia Airport, marking a significant step in Bulgaria's accession to the Schengen Area by air
Romania is making strides toward joining the Visa Waiver Program, a significant milestone that would enable its citizens to travel to the United States visa-free for up to 90 days
More than 100 pro-Palestinian demonstrators were arrested Thursday night at Columbia University in New York City
A Russian airstrike on the city of Dnipro in central Ukraine has resulted in the loss of at least eight lives and left 21 individuals wounded
Ukraine's military announced the destruction of a Russian Tu-22 strategic bomber, allegedly involved in nighttime airstrikes targeting Ukrainian cities
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022