Cyprus' potential international creditors said Friday they have made "good progress" in negotiations on a possible bailout for the crisis-hit country.
Despite earlier hopes that a deal was imminent, they said long-distance talks would continue on securing an agreement that will make Cyprus the fourth euro country to receive international help with its debts.
Representatives from the so-called troika of the European Commission, the European Central Bank and the International Monetary Fund said they are awaiting the preliminary results of an investigation into how much Cyprus' ailing banks will need to shore up their finances.
This will help determine the size of a bailout that won't push the country's debt to unsustainable levels.
Read moreCyprus bailout talks make 'good progress' - Business - CBC News
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