The external debt includes all liabilities of residents of Cyprus vis-à-vis other countries, broken down by institutional sector (Monetary Authorities, General Government, Monetary Financial Institutions, and Other Sectors), by type of financial instrument and by duration of liabilities (long-term, short-term). The external debt does not include liabilities related to equity, financial derivatives and direct investment.
The main sources of data for external debt are bank balance sheets, the Ministry of Finance, as well as the surveys conducted by the Central Bank of Cyprus.