TY - BOOK ID - 84783320 TI - Cyprus : Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access. PY - 2015 SN - 151351010X 1513584081 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Cyprus -- Economic conditions. KW - Economic development -- Cyprus. KW - Economic indicators -- Cyprus. KW - Fiscal policy -- Cyprus. KW - International Monetary Fund, -- Cyprus. KW - Banks and Banking KW - Finance: General KW - Financial Risk Management KW - Public Finance KW - Industries: Financial Services KW - Banks KW - Depository Institutions KW - Micro Finance Institutions KW - Mortgages KW - Bankruptcy KW - Liquidation KW - Debt KW - Debt Management KW - Sovereign Debt KW - General Financial Markets: Government Policy and Regulation KW - Financial Institutions and Services: General KW - Finance KW - Banking KW - Public finance & taxation KW - Macroeconomics KW - Nonperforming loans KW - Solvency KW - Financial sector stability KW - Debt restructuring KW - Financial institutions KW - Asset and liability management KW - Financial sector policy and analysis KW - Public debt KW - Banks and banking KW - Loans KW - Financial services industry KW - Debts, External KW - Debts, Public KW - Cyprus UR - https://www.unicat.be/uniCat?func=search&query=sysid:84783320 AB - This paper discusses Cyprus’s Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Waiver of Nonobservance of a Performance Criterion (PC), and Rephasing of Access. Economic developments have been encouraging. The recession in 2014 was milder than expected, and GDP growth was positive in the first quarter of 2015 for the first time in almost four years. Program performance has been generally strong. Compliance with quantitative conditionality has been good, and the authorities have advanced structural reforms. Further efforts to strengthen banking supervision and restructure banks are needed. The ongoing structural reform program is also crucial for public finances and growth. ER -