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6 months 1 week ago #1 by jinpanlin520
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BRUSSELS, Feb. 11 (Xinhua) -- The international lenders warned Tuesday Cyprus of challenges in financial and fiscal sectors remaining need to be addressed by a series of reforms.

The so-called "Troika" Authentic Colby Rasmus Jersey , namely the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF),

said in a joint statement that Cyprus's program remains on track, with the macro-fiscal outturn better than expected.

After the third review of Cyprus's economic program Authentic Brad Boxberger Jersey , which is supported by financial assistance from the European Stability Mechanism (ESM) and the IMF,the international lenders showed cautionly optimistic over the country's outlook.

According to the conclusion after review, Cyprus's financial sector is facing two major challenges ,which are dealing with the high level of non-performing loans and the needs to normalise payment flows in the economy while safeguarding financial stability.

Another uncertainty comes from fiscal reform Authentic Steven Souza Jersey ,"the authorities will need to continue to implement their budget prudently," the statement said.

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