27/01/17
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Author(s): European Commission
The Economic Adjustment Programme for Cyprus – Fifth Review Summer 2014
(7 MB) 
Summary for non-specialists(52 kB)
Following a request by Cyprus on 25 June 2012, the European Commission, the European Central Bank and the International Monetary Fund 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 path of sustainable growth. 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 covers up to EUR 10 bn: EUR 9 bn from the ESM and EUR 1 bn from the IMF.
This report assesses Cyprus’ compliance with the terms and conditions of its programme over the summer of 2014.
| KC-AH-14-209-EN-N (online) | KC-AH-14-209-EN-C (print) |
| ISBN 978-92-79-38828-6 (online) | ISBN 978-92-79-38829-3 (print) |
| doi: 10.2765/85803 (online) | doi: 10.2765/85823 (print) |
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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