The European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) issued a statement today following the first quarterly review of Cyprus’s economic program. According to the statement:
The results of the first review, carried out by Troika’s delegation, are positive and more importantly no additional measures have been proposed. This is an indication of the determination and commitment of the Cyprus authorities for the successful implementation of the economic program agreed with Troika, targeted to restore the financial sector stability and generate long term sustainable growth.
The actual statement issued by the EC, ECB and IMF can be found at the link below: