Cyprus: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cyprus

June 1, 2022

Preview Citation

Format: Chicago

Cyprus: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cyprus, (USA: International Monetary Fund, 2022) accessed November 21, 2024

Summary

Cyprus is highly exposed to the fallout from the war in Ukraine through trade with Russia. This new challenge comes against the background of the lingering effects of the pandemic and financial vulnerabilities dating from the 2012–13 crisis. Growth is projected to slow from 5½ percent in 2021 to around 2 percent this year. Recovery will regain momentum in 2023, and is projected to continue in the medium term, supported by investments and structural reforms in the Recovery and Resilience Plan.

Subject: COVID-19, Financial crises, Financial institutions, Health, International organization, Monetary policy, Nonperforming loans, Public debt, Revenue administration

Keywords: Authorities' contingency plans, Authorities of the Republic of Cyprus, Authorities project tourist arrival, Climate goal, COVID-19, Global, Liability positions vis-à-vis nonresident, Nonperforming loans, Policy credibility of the authorities, Public debt debt ratio, Residential Property price index

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/151
Stock No:

1CYPEA2022002
ISBN:

9798400211591
ISSN:

1934-7685

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