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Cyprus News Agency: News in English (AM), 00-05-23

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] IMF - Cyprus economy - Report - Recommendations

  • 1320:CYPPRESS:01

    [01] IMF - Cyprus economy - Report - Recommendations

    Nicosia, May 23 (CNA) - Dimitri Demekas, head of the International Monetary Fund (IMF) team, which held talks with the government and the Cyprus Central Bank, warned today that the Cyprus economy would face risks and the island would have problems in its accession to the European Union (EU), if the team's recommendations were not heeded for macroeconomic stability and preparation for capital liberalisation.

    At same time the IMF official said the Cyprus economy "is undoubtedly very successful and has been for the past two or three decades", noting that the "per capita income is already higher than many members of the EU and is approaching the average of the EU".

    CNA/RG/GP/2000

    ENDS, CYPRUS NEWS AGENCY
    CNA ENDS


    Cyprus News Agency: News in English Directory - Previous Article - Next Article
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