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Cyprus General Government debt spiked to €24.56 billion according to official data in April, reflecting the large debt issuances by the Finance Ministry to mitigate the impact of the coronavirus outbreak to the economy. Cyprus’ debt amounted to 113% of GDP at the end of April from 95.5% at the end of 2019. The Finance Ministry entered in 2020 with an EMTN issuance of €1.75 billion in a bit to repay the remainder of an IMF loan secured during the 2013 financial …
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