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Society

Troika Reports Reform Progress

The European Commission, the ECB and the IMF report “significant progress towards staff-level agreement on the review of Cyprus` economic adjustment programme has been made,” according to the CNA.

A joint statement issued by the Troika on Cyprus on May 8 said “staff teams from the European Commission, European Central Bank and International Monetary Fund visited Nicosia during April 28 to May 8 to review Cyprus’s economic reform program…The program aims to support the economic recovery and job creation by restoring financial sector stability, strengthening public finances, and implementing reforms to increase long-run growth”, they added.”

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