01862cas a2200241 a 4500 AALejournalIMF017703 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484303252 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : First Post-Program Monitoring Discussions-Press Release; Staff Report; and Statement by the Executive Director for Cyprus. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (51 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 the First Post-Program Monitoring Discussions with Cyprus. Cyprus's economic recovery has continued to strengthen in the 15 months since it exited from the IMF-supported program. Economic growth has been broad based and reached a robust 2.8 percent in 2016, supporting a sharp drop in the unemployment rate. Excluding large one-off imports, the current account deficit continued to narrow and earlier gains in price competitiveness have been preserved. The fiscal primary surplus reached a sizable 2.3 percent of GDP in 2016, supported by reforms undertaken in previous years and improving cyclical conditions. Over the medium term, the pace of growth is expected to gradually ease to just over 2 percent. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/148 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/148/002.2017.issue-148-en.xml IMF e-Library