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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IMF Executive Board Concludes 2022 Article IV Consultation with Cyprus
June 1, 2022
IMF Executive Board Concludes 2022 Article IV Consultation with Cyprus
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June 1, 2022
Series:Country Report No. 2022/151
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Cyprus: Staff Concluding Statement of the 2022 Article IV Mission
March 30, 2022
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Cyprus: Staff Concluding Statement of the 2022 Article IV Mission
March 29, 2022
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Euro Area is Recovering Strongly, But Challenges Lie Ahead
February 7, 2022
Economic policies in the euro area have forcefully supported household incomes and protected corporate balance sheets. High levels of vaccination and increasing adaptation to the pandemic have also helped to foster a strong economic recovery. The challenge now is to coordinate the normalization of economic policy in the face of elevated uncertainty, including the evolution and legacies of the pandemic, as well as ongoing geopolitical tensions. Agility will be key, as policies become increasingly targeted to contain scarring and mitigate a potential rise in inequality and poverty.