Jerusalem holy site

A Cyprus settlement entails challenges and long-term opportunities, IMF and EC say

A settlement of the Cyprus problem would entail “tremendous” investment opportunities in the long term but would be accompanied by short-term challenges, the European Commission and the IMF have said.

 Their remarks come as the two Cypriot leaders are about to engage into a discussion on territorial adjustments in case of a settlement, to take place in Mont Pelerin, Switzerland, in what has been described as crucial turning point in the UN-sponsored talks. The IMF and the EC have been advising the two communities on the economic and financial aspect of a settlement.

  “The potential is tremendous opportunity in terms of investments and trade in the long run,” Vicenzo Guzzo, the IMF`s Cyprus representative told an Economist conference in Nicosia and added that “obviously what is required is a sustainable economic and financial basis which requires a long of preparation and requires important economic policy decisions.”

  Without elaborating on the advice given by the IMF on the Cyprus settlement, Guzzo noted however that “I cannot emphasise more what is the relevance of this type of preparatory wrong if and when the solution would be agreed.”

On his part, Daniel Daco, head of the EC mission for Cyprus, noted that “a Cyprus settlement is a tremendous opportunity in the long-term but there will be also tremendous challenges in the short to medium term.”

“And preparedness is very important and we are also in discussions with the two sides to see what can be done to make sure that if this occurs this will be a success and that we can cope with the challenges.”

He underlined the need for continued reform drive in Cyprus as “the challenges Cyprus now faces will be magnified if reunification occurs.”

Armenweeklynews [05.11.2016]
A Cyprus settlement entails challenges and long-term opportunities, IMF and EC say
© 2010-2018  Կապը »  Contacts Այցելեք » Facebook
Most popular tags
 Armenian genocide Timothy Snyder Karen Karapetyan  Metsamor Nuclear Power Plant ermeni soykırım  Cyprus settlement   Ermeni Vekilime Dokunma Raqqa Operation Nemesis Data Driven Marvel Disney movies Lucasfilm Netflix  Helen Fisher  Gültaş Kimya Üsküdar  Gldani prison  IATA standards  Turkish Refugee Camps CONIFA Dünya Kupası 2016  腐败 黄金价格 Türkiye Barolar Birliği  张德江 asylum Orthodox Christians Steve Enoch   interest rates Aleppo Cybercrimes Nobel Laureates  : Armenian Renaissance  bone earphones Alman Federal Meclisi Noubar Afeyan Pope Francis Zygmunt Bauman Taiwan Trade Mission St. James Men’s Club in Watertown moneylaundering scheme  Holy Sepulchre Jesus tomb Peter Kreeft Ilham Aliyev   Jerusalem holy site  Mosul Hezbollah  Hmeymim airbase in Latakia  Air Defense System  Kim Kardashian  James Warlick