The IMF's antirecession policy in Europe: Evidence from Greece and Cyprus

Subject. This article analyzes the anti-recessionary policy of the International Monetary Fund in a number of European countries and measures to prevent the aggravation of crises in Greece and Cyprus. Objectives. The article aims to assess the measures developed and proposed by the IMF to overcome the crisis in Greece and Cyprus. Methods. For the study, I used deduction and induction, as well as econometric least squares modeling. Results. The article identifies the main causes of instability in Greece and Cyprus and describes the measures proposed by the IMF to address the consequences of these crisis situations. Relevance. The results obtained develop the theory of international borrowing and can be used in the development of a strategy for cooperation between the State and the IMF.