According to recent press reports, the comments were made during a seminar that took place the old Larnaca Airport last week and saw officials from global financial organisations and institutions taking part alongside Turkish Cypriot and Greek Cypriot officials.

The general message that came out of the seminar was that both the IMF and the World Bank without hesitation were calling for a single economy for post-solution Cyprus that would not see competition between the two communities.

Both the IMF and the World Bank are still in the process of compiling data for a study with the sole aim of creating an economic model for Cyprus should the two communities clinch a deal to end the 42-year dispute.

The message was recently relayed to both President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci by Eide.

Earlier this year, UN Secretary General Ban Ki-moon called on Anastasiades and Akinci to capitalise on the positive momentum during the ongoing negotiations.

Despite relations warming between the two sides since the election of Akinci last year, major obstacles remain between the negotiating teams from both communities especially over sensitive issues like properties, governance and territories.

Source: InCyprus