IMF Staff Country Reports

Ireland: Third Review Under the Extended Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners);Staff Supplement; Press Release on the Executive Board Discussion.

September 7, 2011

Download PDF

Preview Citation

Format: Chicago

Ireland: Third Review Under the Extended Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners);Staff Supplement; Press Release on the Executive Board Discussion., (USA: International Monetary Fund, 2011) accessed December 23, 2024

Summary

The Irish authorities steadfastly maintained strong policy implementation despite a sharp escalation and expansion of stress in euro area sovereign bond markets. Strengthened European support is welcome, but early implementation is key, and restoring broader stability in the euro area is essential. Strengthening supervision and the broader financial framework is critical. Lowering the interest rates on EU loans, and lengthening their maturities, will improve debt and debt service dynamics. Timely and sound implementation of financial sector reforms will help to fully benefit from stronger European support.

Subject: Banking, Credit, Financial institutions, Fiscal consolidation, Fiscal policy, Loans, Money, Mortgages, Public debt

Keywords: CR, Credit, Debt service, EU financing, Europe, Financing, Fiscal consolidation, Global, Growth prospect, ISCR, Loans, Market, Market appraisal, Market commentary, Mortgage, Mortgages, Private sector, Renewed bond purchase

Publication Details

  • Pages:

    80

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/276

  • Stock No:

    1IRLEA2011003

  • ISBN:

    9781463902353

  • ISSN:

    1934-7685

You May Also Be Interested In...

Costa Rica: Post Financing Assessment-Press Release; and Staff Report

December 23, 2024

Republic of Kosovo: 2024 Article IV Consultation and Third Reviews Under the Stand-By Arrangement and the Arrangement Under the Resilience and Sustainability Facility-Press Release; and Staff Report

December 23, 2024

Paraguay: Fourth Review Under the Policy Coordination Instrument, Request for Modification of Targets, Second Review Under the Arrangement Under the Resilience and Sustainability Facility, and Request for Rephasing Access-Press Release; and Staff Report

December 23, 2024

How Has Dollarization Served Timor-Leste So Far?

December 20, 2024