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All reports tagged with: "economic adjustment program"

The troika returns to Cyprus

Representatives of the troika of international lenders plus the European Stability Mechanism (ESM), the IMF, EC and the ECB , will be in Cyprus later this month for the third post-programme surveillance.

Cyprus exits economic adjustment programme

Eurogroup finance ministers have approved the Cyprus government’s decision to exit its Economic Adjustment Programme and commended the Cypriot authorities for the overall successful implementation of the programme.

Troika concludes eighth review

Subject to four prior actions, the eighth review of the Cyprus economic adjustment programme has been successfully completed by the troika of the island’s international lenders (IMF, EC, ECB).

Troika starts eighth evaluation

The eighth evaluation of the Cyprus economic adjustment programme by the island’s troika of international lenders (IMF, EC, and ECB), which ends on 31 March 2016, will get underway today.

IMF review could release €125 million

The Cyprus News Agency (CNA) has reported that the Executive Board of the International Monetary Fund (IMF) will discuss the eighth review of Cyprus’ economic adjustment program on 23 September.

Troika starts seventh review

The troika of Cyprus’ international lenders started its seventh review of the island’s economic adjustment programme yesterday with the repossession of mortgaged properties high on its agenda.

Cyprus programme review delayed

The European Commission has said that it cannot continue with the next review of the Cyprus adjustment programme following a decision by parliament to delay the Foreclosures Law.

Capital controls eased further

Before the capital controls involving money transfers abroad are scrapped, enabling those who have sold their homes to repatriate the proceeds more easily, domestic controls will be fully eased first.

Property sector will act as a further drag

The island’s property sector may be more of a problem for the economy than initially thought as, during the boom years, banks lent considerable amounts of money to property development and housing.

Are we about to meet our NAMAsis?

One of the key suggestions in the Troika’s draft proposals for Cyprus is the establishment of an Asset Management Company along the lines of NAMA – Ireland’s National Management Agency.

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