LEADER 06941oam 22014534 450 001 9910791042903321 005 20230803221303.0 010 $a1-4755-3712-3 010 $a1-4843-4778-1 010 $a1-4843-4784-6 035 $a(CKB)2550000001276681 035 $a(EBL)1676621 035 $a(SSID)ssj0001217773 035 $a(PQKBManifestationID)11647888 035 $a(PQKBTitleCode)TC0001217773 035 $a(PQKBWorkID)11207875 035 $a(PQKB)11442109 035 $a(MiAaPQ)EBC1676621 035 $a(Au-PeEL)EBL1676621 035 $a(CaPaEBR)ebr10861169 035 $a(CaONFJC)MIL598682 035 $a(OCoLC)878263474 035 $a(IMF)1CYPEE2014001 035 $a(IMF)1CYPEA2014001 035 $a(EXLCZ)992550000001276681 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aCyprus : $eThird Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria?Staff Report-press Release; and Statement by the Executive Director 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (130 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-4759-5 311 $a1-306-67431-X 327 $aCover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. Recent Economic Developments; 2. Labor Market; 3. External Indicators; 4. Recent Fiscal Developments; 5. Financial Sector Developments; MACROECONOMIC OUTLOOK; BOXES; 1. A Credit-less Recovery?; POLICY DISCUSSIONS; A. Financial Sector Policy-Addressing NPLs and Normalizing Payment Flows; 2. Cooperative Credit Sector Restructuring Strategy; 3. Private Sector Debt Restructuring: Main Issues; B. Fiscal Policy-Maintaining Fiscal Prudence; C. Structural Fiscal Reforms-Stepping-Up the Reform Momentum 327 $aPROGRAM MODALITIES AND FINANCINGSTAFF APPRAISAL; 6. External Debt Sustainability: Bound Tests; 7. Public Debt Sustainability Analysis: Risk Assessment; 8. Public Debt Sustainability Analysis: Realism of Baseline Assumptions; 9. Public Sector Debt Sustainability Analysis: Baseline Scenario; 10. Public Debt Sustainability Analysis: Composition of Public Debt and Alternative Scenarios; 11. Public Debt Sustainability Analysis: Stress Tests; TABLES; 1. Selected Economic Indicators, 2008-20; 2. Fiscal Developments and Projections, 2008-20 327 $a3. Calculation of Gross Financing Requirements and Sources of Financing, 2013-174. Balance of Payments, 2008-20; 5. External Financing Requirements and Sources, 2012-2020; 6. Monetary Survey, 2008-20; 7. Indicators of Fund Credit, 2010-20; 8. Schedule of Reviews and Purchases; 9. External Debt Sustainability Framework, 2008-2020; 10. Restrictive Measures on Transactions; 11. Selected Reforms: Measures Completed; 12. MEFP Commitments; 13. Conditionality for the Third Review; APPENDIX; 1. Letter of Intent; Attachments; 1. Memorandum of Economic and Financial Policies 327 $a2. Technical Memorandum of Understanding3. Memorandum of Understanding on Specific Economic Policy Conditionality (European Commission) 330 3 $aCyprus?s Third Review Under the Extended Arrangement Under the Extended Fund Facility focuses on strong ownership and implementation of its program. Despite the difficult environment in which the authorities operate, the political commitment remains strong while every effort is being made to maintain strong social cohesion. Steadfast implementation has produced tangible results with indications that the healing process is already under way. Although a difficult adjustment is still ahead, with the guidance of EU and IMF staff, Cyprus has placed itself in a good position to continue along the agreed path. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/092 606 $aEconomic development$zCyprus 606 $aEconomic indicators$zCyprus 606 $aFiscal policy$zCyprus 606 $aStructural adjustment (Economic policy)$zCyprus 606 $aBanks and Banking$2imf 606 $aMacroeconomics$2imf 606 $aMoney and Monetary Policy$2imf 606 $aPublic Finance$2imf 606 $aIndustries: Financial Services$2imf 606 $aBanks$2imf 606 $aDepository Institutions$2imf 606 $aMicro Finance Institutions$2imf 606 $aMortgages$2imf 606 $aMonetary Policy, Central Banking, and the Supply of Money and Credit: General$2imf 606 $aTaxation, Subsidies, and Revenue: General$2imf 606 $aDebt$2imf 606 $aDebt Management$2imf 606 $aSovereign Debt$2imf 606 $aMacroeconomics: Consumption$2imf 606 $aSaving$2imf 606 $aWealth$2imf 606 $aInstitutions and the Macroeconomy$2imf 606 $aBanking$2imf 606 $aPublic finance & taxation$2imf 606 $aMonetary economics$2imf 606 $aFinance$2imf 606 $aCredit$2imf 606 $aRevenue administration$2imf 606 $aPublic debt$2imf 606 $aLoans$2imf 606 $aMoney$2imf 606 $aNonperforming loans$2imf 606 $aFinancial institutions$2imf 606 $aBanks and banking$2imf 606 $aRevenue$2imf 606 $aDebts, Public$2imf 607 $aCyprus$2imf 615 0$aEconomic development 615 0$aEconomic indicators 615 0$aFiscal policy 615 0$aStructural adjustment (Economic policy) 615 7$aBanks and Banking 615 7$aMacroeconomics 615 7$aMoney and Monetary Policy 615 7$aPublic Finance 615 7$aIndustries: Financial Services 615 7$aBanks 615 7$aDepository Institutions 615 7$aMicro Finance Institutions 615 7$aMortgages 615 7$aMonetary Policy, Central Banking, and the Supply of Money and Credit: General 615 7$aTaxation, Subsidies, and Revenue: General 615 7$aDebt 615 7$aDebt Management 615 7$aSovereign Debt 615 7$aMacroeconomics: Consumption 615 7$aSaving 615 7$aWealth 615 7$aInstitutions and the Macroeconomy 615 7$aBanking 615 7$aPublic finance & taxation 615 7$aMonetary economics 615 7$aFinance 615 7$aCredit 615 7$aRevenue administration 615 7$aPublic debt 615 7$aLoans 615 7$aMoney 615 7$aNonperforming loans 615 7$aFinancial institutions 615 7$aBanks and banking 615 7$aRevenue 615 7$aDebts, Public 676 $a338.9 712 02$aInternational Monetary Fund, 801 0$bDcWaIMF 906 $aBOOK 912 $a9910791042903321 996 $aCyprus$9684414 997 $aUNINA