IMF praises Cyprus economy but warns of overheating

Cyprus recorded robust economic and fiscal performance in 2024 , according to the International Monetary Fund (IMF).

The IMF referenced Cyprus’ 4.3 per cent budget surplus and a reduction of public debt to 65 per cent of GDP.

However, in its annual report on Cyprus under article IV, approved by the executive board without a formal meeting and released on the evening of June 2, the IMF warned the authorities