The last Article IV Executive Board Consultation was on May 14, 2021. Listed below are items related to Cyprus.

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An aerial view of the embankment at Paphos, a popular tourist destination. Cyprus was particularly exposed to the economic impact of the pandemic due to its high reliance on tourism. (photo: DedMityay by Getty Images)

An aerial view of the embankment at Paphos, a popular tourist destination. Cyprus was particularly exposed to the economic impact of the pandemic due to its high reliance on tourism. (photo: DedMityay by Getty Images)

A Three-Point Plan to Tackle the Pandemic in Cyprus

Cyprus entered the COVID-19 crisis in a strong position, but the economy’s dependence on tourism and its high public and private debt levels made it especially vulnerable to the pandemic shock.

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At a Glance

  • 2021 Projected Real GDP (% Change) : 3.0
  • 2021 Projected Consumer Prices (% Change): 0.5
  • Country Population: 0.886 million
  • Date of Membership: December 21, 1961
  • Article IV/Country Report: June 15, 2021
  • Special Drawing Rights (SDR): 48.1 million
  • Quota (SDR): 303.8 million
  • Number of Arrangements since membership: 2

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