Dr. Paul Hilbers, Executive Director at the International Monetary Fund to the University of Cyprus


Dr. Paul Hilbers, Executive Director of the International Monetary Fund (IMF), visited the University of Cyprus, during his recent official visit to Cyprus. Dr. Hilbers represents Cyprus and fifteen other countries on the Executive Board of the IMF.

Dr. Hilbers, who was accompanied by the Executive Member of the Board of Directors of the Central Bank, Ms Maria Heracleous, was welcomed by the Vice-Rector for Academic Affairs of the University of Cyprus, Professor Eleni-Tatiani Synodinou and the Dean of the Faculty of Economics and Management, Professor of Economics Sofronis Clerides. In a meeting, the Vice-Rector informed Mr. Hilbers about the origins of the University of Cyprus as the first higher education institution in the Republic of Cyprus, its 30-year history and achievements, its structure, aims and competitive advantages, but also the challenges that it faces. Dr. Hilbers showed a keen interest in learning about higher education in Cyprus and the Undergraduate and Postgraduate Study Programs at the University of Cyprus.  

During his visit, the IMF Executive Director had the opportunity to enjoy a tour of the University of Cyprus led by the student-ambassador of the University of Cyprus, Panagiotis Antoniadis and the Dean of the Faculty of Economics and Management. Dr. Hilbers visited the university campus and the Information Center - Library "Stelios Ioannou", where he was welcomed and informed by the Acting Library Director, Ms Elena Diomidis-Parpouna.

This was followed by a visit to the School of Economics and Management, where Dr. Hilbers was welcomed by the Chairman of the Department of Economics, Professor Andros Kourtellos. The IMF Executive Director delivered a well attended lecture to students from the Department of Economics. The lecture was entitled «IMF: A bird eye's view: Roles, Responsibilities and Current Issues" and was received with lively interest by students from the Department of Economics and faculty members.  

The students had the unique opportunity to learn about the history of the International Monetary Fund as well as the key roles and responsibilities of the institution.  They heard about currency crises, oil price shocks public debt sustainability, the Asian and European financial crisis, the economic impact of the Covid-19 pandemic, the War in Ukraine and the climate change agenda.


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