01943cas a2200241 a 4500 AALejournalIMF014515 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498349796 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : Fourth Review under the Extended Arrangement under the Extended Fund Facility and Request for Modification of Performance Criteria. Washington, D.C. : International Monetary Fund, 2014. 1 online resource (116 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 focuses on Cyprus' Fourth Review Under the Extended Arrangement Under the Extended Fund Facility (EFF) and Request for Modification of Performance Criteria. The program remains on track. Fiscal targets for the first quarter were met with considerable margins, domestic payment restrictions were fully lifted, and the coop sector was consolidated. The authorities intensified efforts to overcome delays in the implementation of structural measures. There are three key policy challenges: (1) addressing the high level of nonperforming loans; (2) maintaining fiscal sustainability; and (3) strengthening institutions to support fiscal consolidation efforts and long-run growth. Risks to the program remain significant, in particular those related to still strong macro-financial linkages. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2014/180 Full text available on IMF http://elibrary.imf.org/view/journals/002/2014/180/002.2014.issue-180-en.xml IMF e-Library