Opposition changes to foreclosures law undermine financial stability, IMF says

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Opposition changes to foreclosures law...
 © CyprusMail 2019
Opposition efforts to undo key reforms to the foreclosures framework are undermining the hard-won gains in restoring macro-financial stability, the International Monetary Fund (IMF) said on Thursday.

In its staff concluding statement for 2019, the IMF said Cyprus has made significant progress in recovering from the financial crisis but challenges remain in sustaining the relatively robust growth momentum, including the high stock of bad debts.

“Given still-high NPLs, recent efforts to undo key reform initiatives are undermining the hard-won gains...


This article was automatically added to our system 26-9-2019

Opposition changes to foreclosures law undermine financial stability, IMF says


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Article Tags: opposition, changes, foreclosures, undermine, financial, stability,