The IMF asked the Greek Cypriot Administration to cut off salary – Cyprus Newspaper

The International Monetary Fund (IMF) delegation, which was inspected in Southern Cyprus period in Southern Cyprus

According to Alithia and other newspapers, the IMF delegation, headed by Alex Pienkowski, warned that public salary increases were above 2 percent.

In the report of the IMF delegation, which stated that the financial policy should be focused on the fact that the debt should be focused below 60 percent of GDP in order to increase confidence and strengthening durability, it was pointed out that any financial relaxation should be avoided, including the increases in public salaries because the risk of inflation is high.

The report recorded that the banking sector looked durable but required constant vigilance, including the strict monitoring of the real estate sector, and was required to improve the efficiency of the judiciary as it is necessary to support the development based on investments.

It was pointed out that employment policies should focus on “combating skill imbalances, higher employment of women and reducing the unemployment of interpersonal unemployment”, and to accelerate the main work and reforms in energy projects in order to strengthen energy safety and to fulfill climate commitments.