Cyprus: Selected Issues Paper

International Monetary Fund

No 2011/332, IMF Staff Country Reports from International Monetary Fund

Abstract: The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further deterioration of their loan portfolios in both Greece and Cyprus. The paper reveals that, in 2011, Cypriot banks face capital needs estimated at €3.6 billion on a preliminary basis.

Keywords: ISCR; CR; authority; export; Cyprus; pay; service export; ECB funding; bank equity valuation; capital needs; fiscal consolidation effort; Pensions; Retirement; Pension spending; Service exports; Budget planning and preparation; Europe; Global; Middle East; Australia and New Zealand; Southern Europe (search for similar items in EconPapers)
Pages: 53
Date: 2011-11-29
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Citations: View citations in EconPapers (2)

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