Cyprus : 2018 Article IV consultation-press release; staff report ; and statement by the executive director for Cyprus.

Saved in:

Bibliographic Details
Author / Creator:	Monetary, International.
Imprint:	Washington, District of Columbia : International Monetary Fund, [2018] ©2018
Description:	1 online resource (81 pages).
Language:	English
Series:	IMF country report ; Number 18/337 IMF country report ; Number 18/337.
Subject:	Economic history. Cyprus -- Economic conditions. Cyprus.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/13514149

Hidden Bibliographic Details
ISBN:	1484387414 9781484387412
Notes:	Description based on print version record.
Summary:	Cyprus is recovering strongly from the 2012-13 crisis. GDP growth is projected to remain above 4 percent in 2018-19, buoyed by services and foreign-financed construction. Unemployment is rapidly declining while large fiscal primary surpluses are putting public debt back on a declining path. Nevertheless, crisis legacies continue to weigh on the banking system. In early 2018, difficulties in the Cyprus Cooperative Bank led the authorities to intervene, albeit at a significant fiscal cost. In the process, a package of legislative measures strengthening the insolvency and foreclosure regime was also approved, which is now catalyzing the cleanup of bank balance sheets. These developments have led to a sovereign ratings upgrade, restoring Cyprus's investment grade status.
Other form:	1-4843-8734-1

Similar Items