Cyprus Mail

Georgiades to meet top IMF officials in Washington

Finance Minister Harris Georgiades will meet IMF Managing Director Christine Lagarde and US Deputy Treasury Secretary on the sidelines of the Spring IMF-World Bank meetings taking on April 15-17 in Washington DC.

The meetings mark Cyprus` exit from its three-year economic adjustment programme. Cyprus officially concluded its bailout after receiving €7.3 billion from the total €10 billion earmarked in the EU/IMF funded bailout.

“These meetings mark the first high level contacts following the completion of the programme,” Georgiades told CNA.

While in Washington, Georgiades will hold separate contacts with Lagarde and Poul Thomsen, Director of the IMF`s European department. He will also meet with representatives of investment banks and rating agencies

“The message to be conveyed is that we remain focused on promoting reforms and fiscal consolidation,” Georgiades said.

He is also scheduled to meet with US Treasury Assistant Secretary for International Finance Ramin Toloui.

Georgiades will also discuss the financial impacts of a settlement that would reunify Cyprus, and will also brief the US senior treasury officials on Cyprus` tangible progress on issues associated with transparency.

The Cypriot delegation to the Spring IMF-World Bank meetings will comprise Chrystalla Georghadji, Governor of the Central Bank of Cyprus and other finance ministry and CBC senior officials. (CNA)

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