By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)- Christine Lagarde, Managing Director (MD) of the International Monetary Fund (IMF) Monday commended Cyprus on steps taken to ensure financial stability of the country and approved the disbursement of about €84.7 million, or US$113.1 million extended fund facility (EFF). This is coming […]
Tag: Cyprus
IMF Appoints New Resident Representative to Cyprus
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE)-The International Monetary Fund (IMF) Thursday said it has appointed Vincenzo Guzzo as new resident representative to Cyprus. According to the IMF, Guzzo will start his assignment in Nicosia on September 9, 2013. He is an Italian national, joined the IMF in 2009 and has […]
IMF Proposes €1 Billion Lifeline for Cyprus
By Peter OBIORA InvestAdvocate Lagos (INVESTADVOCATE) – The International Monetary Fund (IMF) Wednesday said it has proposed a three-year SDR891 million (about €1 billion; or US$1.34 billion) loan for Cyprus; representing about 563 percent (563%) quota under the Extended Fund Facility (EFF) expected to be approved in May 2013. Christine […]
