Finance Minister Makis Kerynos met today at the Ministry of Finance with the Heads of Mission for Cyprus, Mr Wim Van Aken of the European Stability Mechanism and Mr Wojciech Maliszewski of the International Monetary Fund.
The main topic of discussion was the economic situation in Cyprus and internationally. There was an exchange of views on the challenges, including the high levels of inflation, the impact of the significant increase in interest rates, as well as the uncertainty caused by recent developments in the financial sector in the US and Europe.
The Finance Minister gave an update on the state of the Cypriot economy, highlighting the fact that the economy has shown particular resilience in a particularly challenging environment, with high growth rates and high public spending. He also stressed that the economic policy of the new government is strictly committed to fiscal discipline and financial stability.
Mr Wim Van Aken and Mr Wojciech Maliszewski, in turn, welcomed the performance of the Cypriot economy, while noting the need to continue to implement prudent fiscal policy to meet the challenges ahead. They mentioned that the recent credit rating upgrade of the Republic of Cyprus and Fitch Ratings demonstrates the proper management of the economy.
(AF/SX)
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