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All reports tagged with: "international monetary fund"

Cyprus faces “sizeable downside risks”

Following its mission to Cyprus the International Monetary Fund said that “sizeable downside risks” still exist, citing an extremely high private sector debt and a high proportion of non-performing loans (NPLs).

Cyprus needs to accelerate debt reduction

The International Monetary Fund (IMF) has called on Cyprus to speed up reductions in public and private debt to rebuild confidence and deliver balanced, sustainable growth, and support balance sheet repair.

IMF to visit Cyprus

A delegation from the International Monetary Fund (IMF) will visit Cyprus next week for talks to evaluate the economy of the country following the island’s successful conclusion of its economic adjustment programme.

IMF suspends Cyprus loan tranche

The International Monetary Fund (IMF) has suspended the release of rescue money for Cyprus as “critical requirements for the completion of the fifth program review are now no longer met”.

IMF approves €84 million loan tranche

he Executive Board of International Monetary Fund (IMF) has confirmed Cyprus is on track with the conditions of its bailout programme, enabling the immediate disbursement of €84 million.

Fourth highest fall in house prices

Although house prices have gone through the roof in most of the 52 countries listed in the latest IMF Global Housing Watch report, house prices in Cyprus suffered the fourth highest fall.

Significant risks for Cyprus remain

Although Cyprus is well on track with its economic adjustment program, the IMF has warned that significant risks remain pointing out that decisive action to deal with non-performing assets is essential.

IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.

Sharp increase in non-performing loans

A recently issued report on Cyprus issued by the International Monetary Fund (IMF) anticipates a sharp increase in non-performing loans following their reclassification to include all loans in arrears for more than 90 days.

Nonperforming loans at €23 billion

Confidential information from the Central Bank released by StockWatch today puts the level of non-performing loans of the domestic banks at €23 billion requiring several billions more to recapitalise them.

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