LEADER 06680oam 22014534 450 001 9910789033903321 005 20230803034345.0 010 $a1-4843-2606-7 010 $a1-4843-2582-6 010 $a1-4843-2636-9 035 $a(CKB)3710000000086796 035 $a(EBL)1599881 035 $a(SSID)ssj0001155402 035 $a(PQKBManifestationID)11651524 035 $a(PQKBTitleCode)TC0001155402 035 $a(PQKBWorkID)11178629 035 $a(PQKB)10983430 035 $a(MiAaPQ)EBC1599881 035 $a(Au-PeEL)EBL1599881 035 $a(CaPaEBR)ebr10831128 035 $a(CaONFJC)MIL569648 035 $a(OCoLC)869094907 035 $a(IMF)1CYPEE2013003 035 $a(IMF)1CYPEA2013003 035 $a(EXLCZ)993710000000086796 100 $a20020129d2013 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCyprus : $eSecond Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2013. 215 $a1 online resource (135 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4755-5183-5 327 $aCover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. High Frequency Indicators; 2. Labor Market; 3. External Indicators; 4. Financial Sector Developments; POLICY DISCUSSIONS; A. Macroeconomic outlook and risks; BOXES; 1. Private Sector Balance Sheet Adjustment and the Impact on Growth; 5. Private Sector Indebtedness; B. Debt Sustainability; C. Financial Sector Policy; 2. Bank of Cyprus Restructuring Plan; 3. Private Sector Debt Restructuring: Lessons from Ireland and Iceland; D. Fiscal policy; 4. The 2014 budget and the 2013-2014 Fiscal Impulse; E. Structural fiscal reforms 327 $aPROGRAM MODALITIES AND FINANCINGSTAFF APPRAISAL; TABLES; 1. Selected Economic Indicators, 2008-20; 2. Fiscal Developments and Projections, 2008-20; 3. Calculation of Gross Financing Requirements and Sources of Financing, 2013-17; 4. Balance of Payments, 2008-20; 5. External Financing Requirements and Sources, 2012-20; 6. Monetary Survey, 2008-20; 7. Indicators of Fund Credit, 2012-20; 8. Schedule of Reviews and Purchases; 9. Restrictive Measures on Transactions; 10. Selected Reforms-Measures Completed; 11. MEFP Commitments for the Financial Sector; 12. MEFP Commitments for the Fiscal Sector 327 $aANNEXES1. Public Sector Debt Sustainability Analysis; 2. External Sector Debt Sustainability Analysis; APPENDICES; 1. Letter of Intent; A1. Memorandum of Economic and Financial Policies; A2. Technical Memorandum of Understanding; 2. Memorandum of Understanding on Specific Economic Policy Conditionality (European Commission) 330 3 $aThis paper discusses Cyprus? Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria. The program is on track. Fiscal performance continued to exceed targets comfortably, and the 2014 budget is more ambitious than envisaged at program approval. All structural benchmarks were met, albeit with a modest delay in one case. Significant progress has been made in restructuring and recapitalizing the banking sector, including with foreign participation in the share capital of one domestic bank. Fiscal structural reforms are proceeding, but strong resolve is needed to kick start the privatization process. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2013/374 606 $aEconomics$zCyprus 606 $aFinance, Public$zCyprus 606 $aBanks and Banking$2imf 606 $aFinancial Risk Management$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aFinancing Policy$2imf 606 $aFinancial Risk and Risk Management$2imf 606 $aCapital and Ownership Structure$2imf 606 $aValue of Firms$2imf 606 $aGoodwill$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aInstitutions and the Macroeconomy$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aBanking$2imf 606 $aFinance$2imf 606 $aMonetary economics$2imf 606 $aPublic finance & taxation$2imf 606 $aPrivate debt$2imf 606 $aDebt restructuring$2imf 606 $aCredit$2imf 606 $aPublic debt$2imf 606 $aMoney$2imf 606 $aAsset and liability management$2imf 606 $aNational accounts$2imf 606 $aRevenue administration$2imf 606 $aBanks and banking$2imf 606 $aDebts, External$2imf 606 $aDebts, Public$2imf 606 $aRevenue$2imf 607 $aCyprus$2imf 615 0$aEconomics 615 0$aFinance, Public 615 7$aBanks and Banking 615 7$aFinancial Risk Management 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aFinancing Policy 615 7$aFinancial Risk and Risk Management 615 7$aCapital and Ownership Structure 615 7$aValue of Firms 615 7$aGoodwill 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aInstitutions and the Macroeconomy 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aBanking 615 7$aFinance 615 7$aMonetary economics 615 7$aPublic finance & taxation 615 7$aPrivate debt 615 7$aDebt restructuring 615 7$aCredit 615 7$aPublic debt 615 7$aMoney 615 7$aAsset and liability management 615 7$aNational accounts 615 7$aRevenue administration 615 7$aBanks and banking 615 7$aDebts, External 615 7$aDebts, Public 615 7$aRevenue 801 0$bDcWaIMF 906 $aBOOK 912 $a9910789033903321 996 $aCyprus$9684414 997 $aUNINA