Sustainable Bond Framework
•
The economic impact of RRP
The economic impact assessment of the RRP carried out by the University of Cyprus, the Cypriot RRP is
expected to have significant macroeconomic impact in the short, medium and long term. More
specifically, some key results of the relevant assessment show that:
the RRP can lead to economic growth and more specifically increase the GDP of Cyprus by about 3% in the short-
term (2022-2023) and by around 7% in the medium-term (2022-2026), compared to the baseline growth of
the economy without the RRP;
the Plan increases employment by more than 2.5%, or by around 11,000 new jobs during the period 2021-
2026;
the contribution of productivity to GDP and employment rises from 10.6% and 13.2% in the short-term and 23.5%
and 29.3% in the medium-term.
53
53View entire presentation