Cyprus Mail
Business Cyprus

IMF says foreclosure, insolvency law are key bailout terms

By Stelios Orphanides

The International Monetary Fund said the implementation of a modern legislative framework on foreclosures and insolvencies remain “key programme commitments” for Cyprus.

“These steps aim at reducing the high level of non-performing loans, which is essential to restoring growth and job creation in Cyprus,” the IMF said in a statement on its website today.



Related posts

Coronavirus: three new cases announced on Monday

Staff Reporter

Airport taxi drivers suspend strike pending talks

George Psyllides

Oct-30 deadline for filing income tax returns

Staff Reporter

Coronavirus: north extends compulsory quarantine for all air arrivals

Staff Reporter

Turtles hatch on rehabilitated Polis beach

Bejay Browne

Coronavirus: US donates PPE worth €15,000 to Famagusta hospital

Source: Cyprus News Agency