What the IMF said about Ireland
A fifth review of the Irish economy has yielded another tranche of funds from the IMF: here is what the Washington organisation had to say:
The International Monetary Fund has issued another tranche of funds for Ireland, adding €3.2 billion to its allocation. It gave the following comment on Ireland's austerity programme:
The Irish authorities continue to advance wide-ranging reforms to restore the health of the financial system so it can support Ireland’s recovery.
Major progress in downsizing the banking system has been made, with the two largest banks disposing of almost €15 billion in mainly foreign assets...
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