01944cas a2200241 a 4500 AALejournalIMF015303 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513546940 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility; Request for Waiver of Nonobservance of a Performance Criterion; and Rephasing of Access. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (86 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's Fifth, Sixth, and Seventh Reviews Under the Extended Arrangement Under the Extended Fund Facility, Request for Waiver of Nonobservance of a Performance Criterion (PC), and Rephasing of Access. Economic developments have been encouraging. The recession in 2014 was milder than expected, and GDP growth was positive in the first quarter of 2015 for the first time in almost four years. Program performance has been generally strong. Compliance with quantitative conditionality has been good, and the authorities have advanced structural reforms. Further efforts to strengthen banking supervision and restructure banks are needed. The ongoing structural reform program is also crucial for public finances and growth. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/155 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/155/002.2015.issue-155-en.xml IMF e-Library