IMF, World Bank count cost of reunification


By Annie Charalambous

A World Bank and International Monetary Fund joint team left Cyprus on Friday after a week of “substantial work” focusing on the economic sustainability of the divided island’s possible reunification.
“What Nicosia wants is an assessment of the economic viability of an overall Cyprus settlement; what it actually means to have a unified functional economy from day one in federal Cyprus,” an insider told the Cyprus Weekly.
“The IMF-World Bank approach is very positive, the team is made up of about 10 members, technical experts from IMF will focus on macro-economics and those of the World Bank on micro-economics,” added the insider.

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