Ireland: Request for an Extended Arrangement-Staff Report; Staff Supplement; Staff Statement; and Press Release on the Executive Board Discussion.

December 17, 2010

Preview Citation

Format: Chicago

Ireland: Request for an Extended Arrangement-Staff Report; Staff Supplement; Staff Statement; and Press Release on the Executive Board Discussion., (USA: International Monetary Fund, 2010) accessed September 24, 2024

Summary

The economic and financial pressures facing Ireland are intense. The banking sector is at the fulcrum of Ireland’s problems. The program, therefore, aims to restore the banking system. It will address structural problems and restore confidence. A leaner and more robust banking sector is the major objective. The program provides support in the transition through additional capital to banks. The credibility of the banking system will be bolstered by stringent stress and diagnostic tests. The substantial risks to the program will need to be actively managed.

Subject: Banking, Commercial banks, Credit, Debt service, External debt, Financial institutions, Money, Public debt

Keywords: Commercial banks, CR, Credit, Debt service, Debt service burden, Europe, Financing package, Global, IMF contribution, ISCR, Policy change, PRSI contribution rate

Publication Details

Pages:

105
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/366
Stock No:

1IRLEA2010002
ISBN:

9781455212897
ISSN:

1934-7685

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