Cyprus: Selected Issues Paper

November 29, 2011

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Format: Chicago

Cyprus: Selected Issues Paper, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Summary

The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further deterioration of their loan portfolios in both Greece and Cyprus. The paper reveals that, in 2011, Cypriot banks face capital needs estimated at €3.6 billion on a preliminary basis.

Subject: Budget planning and preparation, Expenditure, International trade, Labor, Pension spending, Pensions, Public financial management (PFM), Retirement, Service exports

Keywords: Australia and New Zealand, Authority, Bank equity valuation, Budget planning and preparation, Capital needs, CR, Cyprus, ECB funding, Europe, Export, Fiscal consolidation effort, Global, ISCR, Middle East, Pay, Pension spending, Pensions, Retirement, Service export, Service exports, Southern Europe

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/332
Stock No:

1CYPEA2011002
ISBN:

9781463925888
ISSN:

1934-7685

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