When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.

Name: When Cyprus had a financial crisis, it went to the World Bank, known as the lender of last resort, to bail it out.
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The IMF was established to maintain order in the international monetary system. It is often seen as the lender of last resort to nation-states whose economies are in turmoil and whose currencies are losing value against those of other nations.

When Cyprus Had a Financial Crisis, It Went to the World