Cyprus : 2018 Article IV consultation-press release; staff report ; and statement by the executive director for Cyprus.
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| 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: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/13514149 |
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| 100 | 1 | |a Monetary, International. | |
| 245 | 1 | 0 | |a Cyprus : |b 2018 Article IV consultation-press release; staff report ; and statement by the executive director for Cyprus. |
| 264 | 1 | |a Washington, District of Columbia : |b International Monetary Fund, |c [2018] | |
| 264 | 4 | |c ©2018 | |
| 300 | |a 1 online resource (81 pages). | ||
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| 490 | 1 | |a IMF country report ; |v Number 18/337 | |
| 588 | |a Description based on print version record. | ||
| 520 | 3 | |a 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. | |
| 651 | 0 | |a Cyprus |x Economic conditions. | |
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| 655 | 4 | |a Electronic books. | |
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| 830 | 0 | |a IMF country report ; |v Number 18/337. |0 http://id.loc.gov/authorities/names/no2001029774 | |
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