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IMF appoints resident representative in Cyprus

The International Monetary Fund (IMF) has appointed a resident representative in Cyprus, it was announced on Thursday.

Vincenzo Guzzo will start his assignment in Nicosia on Monday.

IMF resident representatives are in-country liaisons with authorities, and also work to maintain an open dialogue with important stakeholders, including trade unions, the private sector, academics, and non-governmental organizations.

The IMF is part of a so-called troika of  international lenders, which agreed to grant Cyprus  10 billion in financial assistance.

Guzzo, an Italian national, joined the IMF in 2009 and has worked on several country assignments including Yemen, Iceland, the United Arab Emirates, Antigua, and Italy.

Most recently he was a member of the team working on Cyprus.

Before joining the IMF, Guzzo worked for Morgan Stanley, Merrill Lynch, and Lehman Brothers.

He holds a doctorate in economics from New York University.

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