Press Release: IMF Statement on Cyprus at the Eurogroup Meeting
IMF News, March 16, 2013
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- Press Release: IMF Statement on Cyprus at the Eurogroup Meeting
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Bibliographic details
- Published: March 16, 2013
Statement overview
- Press Release No. 13/80
- Date: March 16, 2013
- Speaker: Christine Lagarde, Managing Director of the International Monetary Fund (IMF)
- Context: Statement issued following the Eurogroup meeting
Key findings and assessments (verbatim language preserved)
- “I welcome the agreement reached today to address Cyprus’ economic challenges."
- "The IMF has always said that we would support a solution that is sustainable, that is fully financed, and that appropriately allocates the burden sharing."
- "I believe that the agreed package meets these three objectives."
IMF position and next steps
- On this basis, Christine Lagarde stated: "I intend to make a recommendation to our Executive Board for the IMF to contribute to the financing of the package."
Imf Press Release No. 13/80, March 16, 2013.