Int'l lenders assessment Portuguese economy

A team of IMF, European Central Bank and European Commission inspectors arrived here Monday to assess the Portuguese economy, the first evaluation of its type since the country agreed to receive international bailout loans.

It was billed as a preliminary mission in preparations for a formal evaluation of the country's economic performance and implementations of the recovery measures, which were part of the conditions Portugal agreed to swallow in exchange for as significantly as 70 billion Euros (99.96 billion U.S. dollars)in loans from the 3 international institutions.

While receiving foreign loans, Portugal said it would continue to problem Treasury bills to fund its recovery.

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