Ireland: 2012 Article IV and Seventh Review Under the Extended Arrangement-Staff Report; Informational Annex, Staff Supplement; and Public Information Notice

September 10, 2012

Preview Citation

Format: Chicago

Ireland: 2012 Article IV and Seventh Review Under the Extended Arrangement-Staff Report; Informational Annex, Staff Supplement; and Public Information Notice, (USA: International Monetary Fund, 2012) accessed September 20, 2024

Summary

The 2012 Article IV Report on Ireland’s economy under the Extended Arrangement analyzes the banking crisis and Irish authorities’ steadfast efforts to restore stability. Public debt has been high, and the banking system has not served the financial needs of both households and the job-intensive small and medium enterprises (SME) sector. The crisis also created uncertainty for exports and investments. The Executive Board has identified steps needed to underpin a sustained economic recovery. Sustained financial sector reforms are recommended to restore sound credit and revive domestic demand.

Subject: Banking, Credit, Employment, Financial institutions, Financial sector, Labor, Loans, Money, Public debt

Keywords: Census data, CR, Credit, Employment, EU-IMF support program, Europe, Global, Health expenditure overrun, IMF quota, Ireland, ISCR, Loans, Restructured mortgage, Sound budget management, Year sovereign bond

Publication Details

Pages:

112
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/264
Stock No:

1IRLEA2012003
ISBN:

9781475510478
ISSN:

1934-7685

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