European Parliament Library

Cyprus :, 2009 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Cyprus

This 2009 Article IV Consultation highlights that despite its resilience so far, the economy of Cyprus is slowing down and risks are increasing. The expected slowdown will increase credit risk in banks, which, in some plausible but unlikely extreme scenarios, could have systemic implications given the size and concentration of the banking sector. Executive Directors have endorsed the government’s objective to achieve a balanced budget over the medium term. Directors have also recommended the adoption of a medium-term budget framework and more effective management of public sector liabilities
Table Of Contents
Cover; Executive Summary; Contents; I. 2008 Euro Adoption and Overheating; Figures; 1. Cross-Country Comparison of Key Indicators; 2. Selected Indicators, 2000-08; 3. Competitiveness Indicators, 2000-08; 4. Price Indicators, 2000-08; 5. Public Finances, 2004-08; 6. Banking Sector; II. Economic Outlook: Tepid and Uncertain; III. Policy Discussions; A. Public Finances: Living Within Means; B. Financial Sector: Prevention is Easier Than a Cure; C. Structural Reforms: Translating Plans into Action; 7. Competitiveness and the Lisbon Agenda; IV. Staff Appraisal; 8. Public Debt Sustainability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (50 p.)
Specific Material Designation
Form Of Item

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