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Cyprus: Financial Position in the Fund
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|Cyprus and the IMF|
Updated July 14, 2016
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|IMF Survey Online|
|March 15, 2016 -- IMF Survey : Cyprus Turns Economy Around, Successfully Exits IMF Program|
The Cypriot authorities canceled their financial arrangement with the IMF, which was set to expire in mid-May, after having turned around the economy of the island country.
|June 23, 2015 -- IMF Survey : Cyprus Steps Toward Sustainable Growth|
Cyprus has made good progress in implementing its economic program, notably reforms to ease the burden of bad loans. In the first quarter of 2015, the nation returned to positive growth for the first time in four years.
|May 17, 2013 -- IMF Survey : IMF Loan to Stabilize Cyprus’s Financial System, Restore Growth|
The International Monetary Fund’s Executive Board approved a €1 billion ($1.33 billion) loan over three years to help the island nation of Cyprus, a member of the European Union, to stabilize its financial sector and set public finances on a sustainable path.