Cyprus must make NPLs ‘number one priority’, international agencies say

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The European Central Bank

The banking system in Cyprus "continues to heal" but it is "essential" for the country to increase the pace of its economic reform, a joint team from several international institutions has reported.

Staff teams from the European Central Bank (ECB), the International Monetary Fund (IMF) and the European Commission visited Cyprus from November 3 to November 13 to review the progress of the government's economic reforms. The country is receiving financial assistance from the European Stability

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