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Finance Ministry welcomes IMF findings, warns against foreclosure loopholes
Summary by Famagusta-gazette.com
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Finance Ministry welcomes IMF findings, warns against foreclosure loopholes
The Finance Ministry welcomed the International Monetary Fund’s assessment of the Cypriot economy while issuing a clear warning that any changes to the foreclosure framework must not create room for abuse by strategic defaulters. In a statement responding to the IMF’s observations and recommendations following its Article IV mission to Cyprus from April 22 to May 4, 2026, the ministry said any revision of the foreclosure system must protect genu…
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