LONDON, March 15 Cyprus’s decision to exit its three-year EU-IMF programme ahead of schedule without a precautionary post-programme credit line reflects the sovereign’s comfortable cash position and strong debt management, which limit refinancing risks, according to Fitch Ratings. The government concluded the macroeconomic adjustment programme on 7 March, two months ahead of the scheduled IMF, and a few weeks ahead of the EU expirations.

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