Ireland: Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring

December 19, 2013

Preview Citation

Format: Chicago

Ireland: Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring, (USA: International Monetary Fund, 2013) accessed November 25, 2024

Summary

This paper discusses Ireland’s Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring. Ireland has pulled back from a severe banking crisis with the support of the EU-IMF arrangements and broader European initiatives. Though below initial projections, growth has exceeded the euro area average and indicators suggest a recovery may be emerging. Banking reforms have supported financial stability. The crisis and bank support led to a substantial rise in the deficit and a sharp increase in public debt. On the basis of the progress made under Ireland’s program, the IMF staff supports the authorities’ request for completion of the twelfth review.

Subject: Banking, Credit, Financial institutions, Loans, Money, Mortgages, Nonperforming loans, Public debt

Keywords: BoI's intention, CR, Credit, Deficit target, EFF arrangement, Global, IMF quota, ISCR, Loans, Mortgages, Nonperforming loans, Policy implementation, Review Ireland, Share price, Track record, Trading condition, Yield

Publication Details

Pages:

79
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/366
Stock No:

1IRLEA2013005
ISBN:

9781484312360
ISSN:

1934-7685

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