On Wednesday the IMF announced that Ms Velkouleskou will no longer hold the position of Head of Mission of the International Monetary Fund for Cyprus.
According to the announcement, after two and a half years in this position, Ms. Velkouleskou will be moving to another IMF mission.
The movement will take place after the completion of the fifth assessment of the Cyprus program at the end of September.
New head of the IMF mission to Cyprus will be the American Mark Lewis who works at the IMF since 1995.
Mark Lewis participated in IMF missions in various countries, including Russia, Morocco, Armenia and Turkey.
The statement concludes that Mark Lewis will lead the team that will conduct the sixth review of the program later in the fall.
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