Download or read book Cyprus written by International Monetary Fund and published by International Monetary Fund. This book was released on 2005-03-22 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2004 Article IV Consultation highlights that economic growth in Cyprus has begun to rebound following a more modest performance in 2002–03, recovering in real terms to about 31⁄2 percent in 2004, mainly driven by an increase in domestic demand. Real per capita income has continued to rise, now reaching above 80 percent of the average European Union 25 income level when adjusted for purchasing power. Looking ahead, growth is estimated at close to 4 percent in 2005, reflecting an improved external environment.
Download or read book Cyprus 2004 Article IV Consultation written by Alessandro Leipold and published by . This book was released on 2005 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus written by International Monetary Fund and published by International Monetary Fund. This book was released on 2007-02-21 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2006 Article IV Consultation highlights that economic activity in Cyprus has recovered from a relatively weak performance in 2002–03. Declines in interest rates and strong capital inflows associated with Cyprus’s accession to the European Union in May 2004 spurred growth in private consumption and investment while recovering tourist receipts reduced the external drag on the economy. The economy is experiencing rapid credit growth and brisk housing price increases. Total credit to the private sector accelerated recently, with mortgage lending leading the expansion.
Download or read book Cyprus Staff Report for the 2000 Article IV Consultation written by International Monetary Fund and published by . This book was released on 2000-08-25 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus Staff Report for the Article IV Consultation written by and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus 2002 Article IV Consultation written by and published by . This book was released on 2003 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus Staff Report for the Article IV Consultation written by and published by . This book was released on 2005 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus written by and published by . This book was released on 2007 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus written by Ajai Chopra and published by . This book was released on 2009 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cyprus written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-10-22 with total page 69 pages. Available in PDF, EPUB and Kindle. Book excerpt: KEY ISSUES Background: The large imbalances that accumulated prior to the global financial crisis culminated in a collapse of the banking sector in early 2013. In response, the authorities took unprecedented measures and adopted an economic adjustment program, supported by official financing, aimed at securing financial stability and fiscal sustainability. Recent developments and outlook: GDP contracted sharply in 2013. Wages and prices also declined, and unemployment increased. While bank deposit outflows have slowed, non-performing loans have risen sharply, and credit remains impaired. The outlook is difficult, with the recession expected to continue this year, followed by a modest recovery starting next year. Risks remain tilted to the downside. Reform agenda: The authorities need to overcome recent delays in the implementation of their adjustment program. A key priority is addressing high non-performing loans, which requires putting in place a strong private-sector debt-restructuring framework, including legislation to facilitate foreclosures, complemented by a modernized insolvency regime. Banks should continue to restructure and build strong capital buffers. Removal of external-payment restrictions must proceed prudently. Continued fiscal consolidation is required to ensure long-run sustainability, complemented by firm implementation of structural reforms.
Download or read book A Strategy for IMF Engagement on Social Spending written by International Monetary Fund. Fiscal Affairs Dept. and published by International Monetary Fund. This book was released on 2019-06-14 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses case studies to explore the nature and extent of past IMF engagement on social spending issues and to draw lessons for future engagement.
Download or read book Greece 2022 Article IV Consultation Press Release Staff Report and Statement by the Executive Director for Greece written by International Monetary and published by International Monetary Fund. This book was released on 2022-06-21 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Greece has weathered the pandemic well, with a considerably stronger-than-expected recovery. Reforms progressed in several areas, including digitalization, privatization, improving the fiscal policy mix, and bank balance sheet repair. Greece finalized its early repayment to the IMF on April 4 and is expected to graduate from the quarterly European Institutions’ Enhanced Surveillance framework on schedule by August 2022. Despite the adverse impact of the war in Ukraine, growth is projected to remain robust at 3.5 percent this year. High energy prices are expected to push up average inflation to 6.1 percent. Public debt is on a downward trajectory and rollover risks appear manageable. The external position last year was moderately weaker than that consistent with fundamentals and desirable policies.
Download or read book Malta written by International Monetary Fund and published by International Monetary Fund. This book was released on 2008-08-08 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2008 Article IV Consultation highlights that Malta has experienced a three-year-long expansion reflecting strong foreign direct investment, export diversification, and value-added upgrading. Financial soundness indicators held up in 2007 despite unfavorable international developments. The banking sector’s liquidity and funding profile are healthy, and banks have remained profitable despite markdowns in security portfolios. Nonperforming loans fell further but are still comparatively high and thinly provisioned. The authorities are unbundling and opening to private participation the fuel and gas operations of the public energy company.
Download or read book Power Sharing in Europe written by Soeren Keil and published by Springer Nature. This book was released on 2020-12-15 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the performance of consociational power-sharing arrangements in Europe. Under what conditions do consociational arrangements come in and out of being? How do consociational arrangements work in practice? The volume assesses how consociationalism is adopted, how it functions, and how it reforms or ends. Chapters cover early adopters of consociationalism, including both those which moved on to other institutional designs (the Netherlands, Austria) as well as those that continue to use consociational processes to manage their differences (Belgium, Switzerland, South Tyrol). Also analysed are ‘new wave’ cases where consociationalism was adopted after violent internal conflict (Bosnia and Herzegovina, Kosovo, North Macedonia, Northern Ireland) and cases of unresolved conflict where consociationalism may yet help mediate ongoing divisions (Cyprus, Spain). Soeren Keil is Reader in Politics and International Relations, Canterbury Christ Church University, United Kingdom. Allison McCulloch is Associate Professor in Political Science, Brandon University, Canada.
Download or read book Europe Isn t Working written by Larry Elliott and published by Yale University Press. This book was released on 2016-05-24 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europe's center-left is rapidly falling out of love with the European single currency. Fifteen years after its creation, British journalists Larry Elliott and Dan Atkinson assess its performance to show why. Looking at a range of key indicators the authors show how the euro has failed to deliver on its promise of more jobs, more growth and greater equality. Instead it has undermined the European Union. Elliott and Atkinson compare the European Central Bank to the Federal Reserve, arguing that the architects of the euro subjugated economic measures to political considerations. Consequently, countries that didn’t meet the economic convergence criteria were still allowed entry. The end result is a dysfunctional currency union that is unable to cope with difficult economic circumstances. Assessing the situations in Greece, Germany, Italy, France, Ireland, and Iceland, as well as Britain, they show that the current policy of kicking the can down the road and hoping that something will turn up is proving increasingly unpopular with the currency's one-time fans in progressive politics. This engaging and accessibly written volume will be widely read by economists, pundits, and policymakers as Britian considers its future relationship with Europe.
