IMF releases 83.5m euro loan for Cyprus

The IMF says an instalment of 83.5 million euros has been made available to Cyprus.

The IMF says an instalment of 83.5 million euros has been made available to Cyprus. (AAP)

The International Monetary Fund has released the next instalment of its bailout of Cyprus, 83.5 million euros ($A129.68 million), in desperately needed support for the struggling eurozone economy.

The IMF said the funds were made available to Cyprus following the completion of the IMF executive board's second review of Cyprus's performance under an economic program supported by a one-billion-euro loan approved in May.