This web page presents information about the work of the IMF in Cyprus, including the activities of the IMF Resident Representative Office. Additional information can be found on the Cyprus and IMF country page, including IMF reports and Executive Board documents that deal with Cyprus.
Note: The office closed on May 1, 2019. This page is being maintained for information purposes.
At a Glance: Cyprus and the IMF
- Current IMF membership: 190 countries
- Member since December 21, 1961
- Quota: SDR158.20 million
- Each member country of the IMF is assigned a quota, based broadly on its relative position in the world economy. A member country's quota determines its maximum financial commitment to the IMF, its voting power, and has a bearing on its access to IMF financing.
- Cyprus is represented in the Executive Board
- The Executive Board is responsible for conducting the day-to-day business of the IMF. It is composed of 24 Directors, who are appointed or elected by member countries or by groups of countries. The Managing Director serves as its Chairman. The Board usually meets several times each week. It carries out its work largely on the basis of papers prepared by IMF management and staff.
News and Highlights
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Article by Anita Tuladhar, IMF Deputy Chief, European Department
December 30, 2018
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IMF: Progress for Cyprus but there is still a long way to go - Kathimerini (in Greek)
Interview with Philip Gerson, IMF Deputy Director, European Department
November 4, 2018
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“There is No Room for Complacency”
Interview with Alithia (ENG) by Vincenzo Guzzo, IMF Resident Representative in Cyprus
June 18, 2017
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“Δεν υπάρχει κανένα περιθώριο εφησυχασμού”
Interview with Alithia (GR) by Vincenzo Guzzo, IMF Resident Representative in Cyprus
June 18, 2017
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The Cyprus Economy - from Recovery to Sustainable Growth
Presentation at the 7th Nicosia Economic Congress, by Vincenzo Guzzo, IMF Resident Representative in Cyprus
April 25, 2017
Cyprus and the IMF
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June 16, 2021
Series:Country Report No. 2021/126
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IMF Executive Board Concludes 2021 Article IV Consultation with Cyprus
June 16, 2021
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A Three-Point Plan to Tackle the Pandemic in Cyprus
June 16, 2021
Our latest economic assessment of Cyprus highlights three key policies to strengthen the recovery from the effects of the pandemic shock. 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. Nevertheless, the country has avoided widespread defaults and high unemployment, thanks in part to prompt policy support and a strong capital cushion accumulated before the pandemic.
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Cyprus: 2021 Article IV Consultation-Press Release; and Staff Report
June 15, 2021
Series:Country Report No. 2021/125
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Cyprus: Staff Concluding Statement of the 2021 Article IV Mission
March 30, 2021