#IMF

The International Monetary Fund warned Cyprus over its “inflated” public sector wage bill in its annual Article IV consultation – an economical health check – on the island. The report wrote that ...

Officials from the International Monetary Fund, World Bank and key countries met with Syrian authorities this week on efforts to rebuild the war-torn country, emphasizing the need for credible data, ...

Fresh discussions on the Cost of Living Allowance (CoLA) will get underway after the Easter holiday, media reported on Monday, on the back of the release of an International Monetary ...

The head of Sek union federation Andreas Matsas joined forces with his Pasydy counterpart Stratis Mattheou to have a dig at the IMF, which had warned against any “fiscal loosening.” ...

President Nikos Christodoulides defended the government’s fiscal policy on Saturday, saying it was the responsible policy that allowed it to spend more than €700 million to address issues faced by ...

The International Monetary Fund’s revised outlook for Cyprus’ GDP growth for 2024 is “a vote of confidence” in the island, government spokesman Konstantinos Letymbiotis said on Tuesday. He was commenting ...

The leaders of unions representing public employees – teachers, civil servants, national guard officers, police, hospital doctors, nurses – met on Tuesday to discuss a study about public sector payroll drafted by ...

Civil service trade unions on Tuesday rejected the recommendations of the International Monetary Fund (IMF), which had called for the rationalisation of salary scales and expenditures related to the state ...

The International Monetary Fund’s steering committee failed to issue a joint communique on Friday amid disagreements over wars in the Middle East and Ukraine, opting instead for a statement ...

The answer to the barrage of criticism by opposition parties over the government’s decision not to extend the tax discount on fuel beyond last month was provided by the ...

By Andreas Charalambous and Omiros Pissarides The favourable assessments from the European Commission and the IMF, as well as the global rating agencies, demonstrate the satisfactory course of the Cypriot ...

Governor of the Central Bank of Cyprus (CBC) Constantinos Herodotou is participating in the annual meetings of the World Bank and the International Monetary Fund (IMF), taking place this week ...

The taxpayer will have to provide another €60m that was not budgeted this year to pay for the increase in CoLA (from 50 to 67.7 per cent of the rise in the ...

The economy of Cyprus is expected to experience a slowdown, with growth projected to reach approximately 2.5 per cent in 2023, according to a report released on Tuesday by the International Monetary ...

Cyprus’ economy will grow by 2.5 per cent this year as both inflation and unemployment recede, according to the latest forecast from the International Monetary Fund. In its April ‘World Economic ...

The further extension of electricity subsidies will continue if the cabinet decides to continue with the support, President Nikos Christodoulides said on Saturday, following reports that when the subsidy expires ...

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as ...

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) said on Tuesday. The comments ...

Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, ...

For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, ...

The International Monetary Fund (IMF) executive board has approved a 46-month $3 billion financial support package for Egypt, saying it will catalyse additional funding of about $14 billion, the fund said in ...

The scramble for quick solutions to secure affordable and reliable energy could imperil climate action There is no question that the energy crisis has forced governments to reconsider their priorities, ...

The shareholders of the International Monetary Fund and World Bank on Friday selected Ukrainian Finance Minister Serhiy Marchenko as the next rotating chair of the boards of governors of both ...

The International Monetary Fund (IMF) has upgraded its forecast on the growth rate of the Cypriot economy in 2022 to 3.5 per cent of the GDP from 2.1 per cent that it expected ...