Cyprus: Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director

April 1, 2014

Preview Citation

Format: Chicago

Cyprus: Third Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria—Staff Report-press Release; and Statement by the Executive Director, (USA: International Monetary Fund, 2014) accessed November 22, 2024

Summary

Cyprus’s Third Review Under the Extended Arrangement Under the Extended Fund Facility focuses on strong ownership and implementation of its program. Despite the difficult environment in which the authorities operate, the political commitment remains strong while every effort is being made to maintain strong social cohesion. Steadfast implementation has produced tangible results with indications that the healing process is already under way. Although a difficult adjustment is still ahead, with the guidance of EU and IMF staff, Cyprus has placed itself in a good position to continue along the agreed path.

Subject: Banking, Credit, Financial institutions, Loans, Money, Nonperforming loans, Public debt, Revenue administration

Keywords: Authority, Country's financial system, CR, Credit, Disbursement of SDR, Europe, Executive board discussion, Global, ISCR, Loans, Nonperforming loans, Program implementation, SDR, Supplementary information

Publication Details

Pages:

129
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/092
Stock No:

1CYPEA2014001
ISBN:

9781484347591
ISSN:

1934-7685

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