Ireland: Eleventh Review Under the Extended Arrangement

October 4, 2013

Preview Citation

Format: Chicago

Ireland: Eleventh Review Under the Extended Arrangement, (USA: International Monetary Fund, 2013) accessed December 22, 2024

Summary

This paper discusses Ireland’s Eleventh Review Under the Extended Arrangement. Policy implementation remains on track but recent weak GDP data point to a slower growth recovery. Real GDP declined in the first quarter, reflecting a fall in exports and weak domestic demand. Nonetheless, fiscal results remain on track and sovereign and bank bond yields have risen relatively modestly in response to declining global risk appetite. A range of other economic indicators are more encouraging, suggesting lower but still positive growth in 2013, though uncertainty remains. Growth projections for 2014 are also lowered. The IMF staff supports the authorities’ request for completion of the eleventh review.

Subject: Arrears, Banking, Credit, External debt, Financial institutions, Loans, Money, Mortgages, Public debt

Keywords: Arrears, Bank statement, Concluded solution, CR, Credit, Disbursement of an amount equivalent to SDR, Expectations of the bank, Global, Growth, Ireland's IMF quota, ISCR, Loan portfolio, Loans, Mortgages, Ratings agency Moody's, Solution, Target

Publication Details

Pages:

96
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/305
Stock No:

1IRLEA2013003
ISBN:

9781475565935
ISSN:

1934-7685

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