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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

Cyprus: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism.

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  • "Cyprus: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism."@en
  • "This paper focuses on Cyprusâ?? Fourth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. The program remains on track. Fiscal targets for the first quarter were met with considerable margins, domestic payment restrictions were fully lifted, and the coop sector was consolidated. The authorities intensified efforts to overcome delays in the implementation of structural measures. There are three key policy challenges: (1) addressing the high level of nonperforming loans; (2) maintaining fiscal sustainability; and (3)."@en
  • "EXECUTIVE SUMMARYExtended Arrangement: On May 15, 2013, the Executive Board approved a three-yearExtended Arrangement under the Extended Fund Facility in the amount of SDR 891 million (563 percent of quota; about?1 billion). Three purchases of amounts equivalent to SDR 74.25 million (about?86 million) each have been made so far, and another purchase of the same amount is proposed to be released upon completion of the third review. The European Stability Mechanism has released?4.6 billion of?9 billion committed, with a disbursement of?150 million expected in early April. Recent Economic Dev."@en
  • "KEY ISSUESBackground: The large imbalances that accumulated prior to the global financial crisis culminated in a collapse of the banking sector in early 2013. In response, the authorities took unprecedented measures and adopted an economic adjustment program, supported by official financing, aimed at securing financial stability and fiscal sustainability.Recent developments and outlook: GDP contracted sharply in 2013. Wages and prices also declined, and unemployment increased. While bank deposit outflows have slowed, non-performing loans have risen sharply, and credit remains impaired. The out."@en
  • "In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries."@en
  • "EXECUTIVE SUMMARYExtended Arrangement: On May 15, 2013, the Executive Board approved a three-yearExtended Arrangement under the Extended Fund Facility in the amount of SDR 891million (563 percent of quota; about?1 billion). Two purchases of amounts equivalent toSDR 74.25 million (about?86 million) each have been made so far, and anotherpurchase of the same amount is proposed to be released upon completion of thesecond review. The European Stability Mechanism has released?4.5 billion since theprogram approval (of?9 billion committed). Recent Economic Developments: The recession through Septe."@en
  • "Cyprus: First Review Under The Extended Arrangement Under The Extended Fund Facility and Request for Modification of Performance Criteria-Supplementary Information."@en
  • "In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country."@en

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  • "Electronic books"
  • "Electronic books"@en

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  • "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"@en
  • "Cyprus : Fourth 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 for Cyprus"@en
  • "Cyprus"
  • "Cyprus"@en

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