Ireland : Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

December 19, 2013

Electronic Access:

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Summary:

This paper discusses Ireland’s Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring. Ireland has pulled back from a severe banking crisis with the support of the EU-IMF arrangements and broader European initiatives. Though below initial projections, growth has exceeded the euro area average and indicators suggest a recovery may be emerging. Banking reforms have supported financial stability. The crisis and bank support led to a substantial rise in the deficit and a sharp increase in public debt. On the basis of the progress made under Ireland’s program, the IMF staff supports the authorities’ request for completion of the twelfth review.

Series:

Country Report No. 13/366

Subject:

English

Publication Date:

December 19, 2013

ISBN/ISSN:

9781484312360/1934-7685

Stock No:

1IRLEA2013005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

79

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