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|c 5.00 USD
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|z 9781484387344
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|a 1934-7685
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|a BD-DhAAL
|c BD-DhAAL
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|a International Monetary Fund.
|b European Dept.
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|a Cyprus :
|b 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Cyprus.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2018.
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|a 1 online resource (80 pages)
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|a IMF Staff Country Reports
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a Cyprus is recovering strongly from the 2012-13 crisis. GDP growth is projected to remain above 4 percent in 2018-19, buoyed by services and foreign-financed construction. Unemployment is rapidly declining while large fiscal primary surpluses are putting public debt back on a declining path. Nevertheless, crisis legacies continue to weigh on the banking system. In early 2018, difficulties in the Cyprus Cooperative Bank led the authorities to intervene, albeit at a significant fiscal cost. In the process, a package of legislative measures strengthening the insolvency and foreclosure regime was also approved, which is now catalyzing the cleanup of bank balance sheets. These developments have led to a sovereign ratings upgrade, restoring Cyprus's investment grade status.
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|a Mode of access: Internet
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|a IMF Staff Country Reports; Country Report ;
|v No. 2018/337
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/002/2018/337/002.2018.issue-337-en.xml
|z IMF e-Library
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