IMF says Ireland ‘on track’ with recovery plan

IRELAND is making progress in overcoming the worst economic crisis in recent history and is on track to achieve the targets set out for this year, according to the latest report from the IMF as it agreed to release the next tranche of money.

IMF says Ireland ‘on track’ with recovery plan

But it says that more progress could be achieved with the help of a more comprehensive European plan that would help overcome market doubts, regain market access, reduce the threat of spillovers and bring about a recovery of the Irish economy.

As a result of the positive report following the recent visit to Dublin by the experts from the IMF, the ECB and the European Commission, the IMF said it has agreed to release €1.85 billion to Ireland of the €21.8bn in total they have committed, bringing the total disbursed so far to about €7.2bn.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

Lunchtime News

Newsletter

Keep up with stories of the day with our lunchtime news wrap and important breaking news alerts.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited