Fitch: Cash Buffer, Debt Management Support Cyprus Programme Exit

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, […]