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.
At a Glance: Cyprus and the IMF
- Current IMF membership: 189 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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“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
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Showing Signs of Growth? Implementing Reforms
Presentation at the 12th Economist Cyprus Summit, by Vincenzo Guzzo, IMF Resident Representative in Cyprus
November 1, 2016
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Showing Signs of Growth? Implementing Reforms
Speaking points at the 12th Economist Cyprus Summit, by Vincenzo Guzzo, IMF Resident Representative in Cyprus
November 1, 2016
Cyprus and the IMF
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IMF Executive Board Concludes First Post-Program Monitoring Discussion with Cyprus
June 8, 2017
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June 8, 2017
Author/Editor:International Monetary Fund. European Dept.
Series:Country Report No. 17/148 -
IMF Staff Completes Mission for the First Post-Program Monitoring to Cyprus
April 3, 2017
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International Monetary Fund Press Briefing
January 12, 2017
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Does Balance Sheet Strength Drive the Investment Cycle? Evidence from Pre- and Post-Crisis Cyprus
December 22, 2016
Author/Editor: Sophia Chen ; Yinqiu Lu
Series: Working Paper No. 16/248
Latest on Europe
Regional Economic Issues: Central, Eastern and Southeastern Europe
Effective Government for Stronger Growth
November 2016
Economic growth remains solid in much of Central, Eastern, and Southeastern Europe (CESEE). Outside the Commonwealth of Independent States (CIS), growth has continued at a good pace on the back of accommodative macroeconomic policies as well as buoyant consumption supported by strong real wage and employment growth. In Russia, the pace of economic contraction has moderated, as the economy appears to have adjusted to lower oil prices and the sanctions shock. Other CIS economies are gradually exiting from recessions on improved external demand. For the region as a whole, GDP growth is projected to reach 1.3 percent in 2016 and 2.1 percent in 2017, largely reflecting the improved outlook in the CIS.