Cyprus banking sector vulnerabilities / prepared by Mustafa Saiyid -- The Cypriot pension system : issues and reform options / prepared by Alejandro Simone -- Strengthening public financial management and managing fiscal risks / prepared by Anke Weber -- External competitiveness / prepared by Mai Chi Dao
Summary
The Selected Issues Paper focuses on Cyprus' banking sector vulnerabilities and its pension system. The most salient risks for the banking sector come from commercial banks domiciled in Cyprus. These banks have the strongest links with the local economy and are likely to experience further deterioration of their loan portfolios in both Greece and Cyprus. The paper reveals that, in 2011, Cypriot banks face capital needs estimated at?3.6 billion on a preliminary basis
Notes
Title from PDF title page (IMF Web site, viewed December 1, 2011)
