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:

28th February, 2012
What the IMF said about Ireland
“Continued strong implementation of fiscal consolidation, and financial and structural reforms by the Irish authorities will be critical": IMF

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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