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The Economic Adjustment Programme for Cyprus – First Review - Summer 2013

European Commission

The Economic Adjustment Programme for Cyprus – First Review - Summer 2013pdf(8 MB) Choose translations of the previous link 

Summary for non-specialistspdf(15 kB) Choose translations of the previous link  

Following a request by Cyprus on 25 June 2012, the European Commission, the European Central Bank and the International Monetary Fund finally agreed an economic adjustment programme with the Cypriot authorities on 2 April 2013. The programme aims to address the financial, fiscal and structural challenges facing the economy in a decisive manner and should allow Cyprus to return to a sustainable growth path. The programme was agreed by the euro area Member States on 24 April 2013 and by the IMF Board on 15 May 2013. It covers the period 2013-2016. The financial package will cover up to EUR 10 billion, including EUR 1 billion from the IMF.

This report assesses compliance with the terms and conditions set out in the programme with the Cypriot authorities.

(European Economy. Occasional Papers. 161. September 2013. Brussels. PDF. 124pp. Tab. Graph. Bibliogr. Free.)

KC-AH-13-161-EN-N (online)
ISBN 978-92-79-31383-7 (online)
doi:10.2765/1472 (online)

JEL classification: E61, E62, E66, F16, F32, F33, F34, G01, G21, H1, H2, H5, H6, H7, H8, R31

Occasional Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and cover a wide spectrum of subjects. Views expressed in unofficial documents do not necessarily reflect the official views of the European Commission.

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