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Cyprus: Technical Assistance Report–Strengthening the Governance and Oversight of State-Owned Enterprises

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  • International Monetary Fund

Abstract

Cyprus’s government has enhanced financial oversight and governance of public entities over the past decade. Several legal and administrative measures have been implemented to support the oversight functions of the Ministry of Finance and introduce elements of good governance and accountability of public entities. As a result, the liabilities of public entities have remained stable and government guarantees have decreased. Looking ahead, the government plans to further strengthen the governance of public entities in line with best international practices. This report provides practical recommendations for improving corporate governance, enhancing accountability practices in public entities, and strengthening their financial oversight.

Suggested Citation

  • International Monetary Fund, 2023. "Cyprus: Technical Assistance Report–Strengthening the Governance and Oversight of State-Owned Enterprises," IMF Staff Country Reports 2023/325, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2023/325
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