01824cas a2200241 a 4500 AALejournalIMF014094 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475551839 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : Second 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 (133 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' Second Review Under the Extended Arrangement Under the Extended Fund Facility and Request for Modification of Performance Criteria. The program is on track. Fiscal performance continued to exceed targets comfortably, and the 2014 budget is more ambitious than envisaged at program approval. All structural benchmarks were met, albeit with a modest delay in one case. Significant progress has been made in restructuring and recapitalizing the banking sector, including with foreign participation in the share capital of one domestic bank. Fiscal structural reforms are proceeding, but strong resolve is needed to kick start the privatization process. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/374 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/374/002.2013.issue-374-en.xml IMF e-Library