The Cyprus government nearly fell in February over IMF and European demands for the privatisation of three public utilities.
The Bretton Woods Project review of the most important developments at the World Bank and IMF in 2013.
The legitimacy of IMF engagement with Middle East and North African nations and eurozone crisis countries continues to be heavily criticised.
The economic crisis in Cyprus erupted during the second cycle of the European recession of 2011 as a result of harsh austerity policies imposed since 2010 in Europe. It is a new crisis born of a failed response to the original European crisis.
The Troika has announced another Greek debt agreement, but disputes between the Fund and its Troika partners over debt reduction remain unresolved.