Tag Archives: IMF

IMF, World Bank want single Cyprus economy

IMF, World Bank want single Cyprus economy

UN Special Envoy Espen Barth Eide has informed the two community leaders on the island that both the IMF and the World Bank are calling for a single economy for Cyprus in the event of a solution. According to reports in Phileleftheros on Monday, the comments were made during a recent seminar that took place

Vision for security

President Nicos Anastasiades has a vision for a post-settlement Cyprus that takes into account each community’s fears but does away with the traditional guarantor structure. As a result of the 1974 invasion, Greek Cypriots tend to see guarantor powers (Turkey, Greece and the UK) as a threat, while because of the coup that preceded it,

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

Focus on Turkish Cypriot economy

By George Telaveris As negotiations to solve the Cyprus problem intensify, efforts are increasing to prepare Turkish Cypriot banks for the demands of the eurozone and to support a united Cyprus in managing a new federal system of government. “The opening of the Turkish market to the Cyprus economy will benefit the service sector, shipping

Editorial: Financing the solution

The economics of a Cyprus settlement have finally found their way to the forefront of meetings the two sides have had with international actors both on a political and financial level. This issue was overshadowed by public disagreements on property and EU matters but both Anastasiades and Akinci had the opportunity to discuss ways of

World Bank, IMF offer help for Cyprus solution

World Bank and the International Monetary Fund (IMF) are willing to help by providing technical assistance to ensure the sustainability of public finances in an integrated economy after the solution of the Cyprus problem, under-secretary to the President ConstantinosPetrides, told the Cyprus News Agency on Tuesday. Petrides, on official visit to the US at the

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