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.