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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.

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 restricti...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2014.
Colección:IMF country report ; no. 14/180.
Temas:
Acceso en línea:Texto completo

MARC

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245 0 0 |a Cyprus :  |b 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. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2014. 
264 4 |c ©2014 
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505 0 |a Cover; CONTENTS; BACKGROUND; RECENT ECONOMIC DEVELOPMENTS; FIGURES; 1. High Frequency Indicators; 2. Employment and Inflation Developments; 3. External Indicators; 4. Recent Fiscal Developments; 5. Financial Sector Developments; MACROECONOMIC OUTLOOK; BOXES; 1. The Household Saving Rate in Cyprus; POLICY DISCUSSIONS; A. Financial Sector Policy: Tackling NPLs and Safeguarding Stability; 2. Challenges in Dealing with NPLs; B. Fiscal Policy: Maintaining Sustainability; C. Fiscal Structural Reforms: Strengthening Institutions; 3. Cyprus's Social Welfare Reform; PROGRAM MODALITIES AND FINANCING. 
505 8 |a 4. Balance of Payments, 2008-205. 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. External Debt Sustainability Framework, 2009-21; 10. Restrictive Measures on Transactions; 11. Selected Reforms-Measures Completed; 12. MEFP Commitments; 13. Conditionality for the Fourth Review; APPENDIX; I. Letter of Intent; ATTACHMENTS; I. Memorandum of Economic and Financial Policies; II. Technical Memorandum of Understanding. 
505 8 |a STAFF APPRAISAL6. 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; 3. Calculation of Gross Financing Requirements and Sources of Financing, 2013-17. 
520 |a 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). 
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650 0 |a Structural adjustment (Economic policy)  |z Cyprus. 
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