Ireland: 2012 Article IV and Seventh Review Under the Extended Arrangement-Staff Report; Informational Annex, Staff Supplement; and Public Information Notice
IMF Staff Country Reports, September 10, 2012
Source details
- Canonical URL
- Ireland: 2012 Article IV and Seventh Review Under the Extended Arrangement-Staff Report; Informational Annex, Staff Supplement; and Public Information Notice
Other formats
Bibliographic details
- Published: September 10, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475510478.002
Overview
- Publication date: September 10, 2012
- Core focus: Analysis of the banking crisis in Ireland and the Irish authorities’ efforts to restore stability under the Extended Arrangement.
- Key subject areas: Banking, Credit, Employment, Financial institutions, Financial sector, Labor, Loans, Money, Public debt.
- Keywords appearing in the source: census data, CR, Credit, Employment, EU-IMF support program, Europe, Global, health expenditure overrun, IMF quota, Ireland, ISCR, Loans, Restructured mortgage, sound budget management, year sovereign bond.
Main findings and analysis
- The report analyzes the banking crisis and the Irish authorities’ steadfast efforts to restore stability.
- Public debt has been high.
- The banking system has not served the financial needs of both households and the job-intensive small and medium enterprises (SME) sector.
- The crisis created uncertainty for exports and investments.
- The Executive Board has identified steps needed to underpin a sustained economic recovery.
Policy recommendations and implications
- Sustained financial sector reforms are recommended to restore sound credit and revive domestic demand.
- The Executive Board’s identified steps are intended to underpin a sustained economic recovery (details of specific steps are contained within the full report).
Content in this bundle
- Selected Economic Indicators and Policy Assessment