In the FT, Jim Brunsden reports about the end of Cyprus’ 2013 bailout program.

The eventual deal saw Cyprus become the first eurozone nation to impose capital controls as regulators set about restructuring the country’s two largest banks, with heavy losses to bondholders and depositors.

Cyprus is exiting its bailout having borrowed only about €7.5bn of the €10bn allocated in the programme. Its economy returned to growth last year and it is outperforming on its budgetary targets. While the EU component of its bailout was scheduled to end this month, it is exiting the IMF part two months early.