## Press Release: IMF Statement on Cyprus at the Eurogroup Meeting

_IMF News, March 16, 2013_

## Source details

**Canonical URL:** [Press Release: IMF Statement on Cyprus at the Eurogroup Meeting](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1380)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr1380/index.md)
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## Bibliographic details
- Published: March 16, 2013

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### 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._

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## References

- [Cyprus and the IMF](http://www.imf.org/external/country/CYP/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr1380_