01855cas a2200241 a 4500 AALejournalIMF013906 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484361054 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (121 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses Cyprus' First Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria. The program is on track, and ownership by the authorities has improved. Fiscal targets were met with a comfortable margin. All structural benchmarks were also observed, albeit some with a brief delay. The authorities have made important strides to complete the bank resolution process, publish a roadmap to gradually ease payment restrictions, and finalize a restructuring strategy for the cooperative credit sector. However, much remains to be done to fully implement the financial sector restructuring strategy and restore confidence in the system. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/293 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/293/002.2013.issue-293-en.xml IMF e-Library