Gerry Rice, Director, External Relations Department, International Monetary Fund, held a press briefing late last week to answer questions about their position on certain key issues. When asked about a potential program for Cyprus after the elections, Director Rice answered "we continue to work with the Cypriot authorities and with our partners in the European Commission and the European Central Bank to develop a durable solution for Cyprus's banking sector problems at low cost to the taxpayer and consistent with debt sustainability. On your question about the elections, to repeat what I said the last time, we expect engagement with the new administration post-election to advance discussions on a potential program." Source:IMF