Ireland: Eighth Review Under the Extended Arrangement; Staff Report; Staff Supplements; and Press Release on the Executive Board discussion
IMF Staff Country Reports, December 19, 2012
Source details
- Canonical URL
- Ireland: Eighth Review Under the Extended Arrangement; Staff Report; Staff Supplements; and Press Release on the Executive Board discussion
Other formats
Bibliographic details
- Published: December 19, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475554564.002
Overview
- Publication Date: December 19, 2012
- Focus: Ireland’s fiscal policy, financial reforms, economic growth, and employment.
- Main finding: Policy implementation continued to remain strong despite susceptibility to global financial shocks.
- Policy implication: Steadfast policy implementation has helped access to market funding, while public debt continued to remain high.
- Ongoing action: Authorities were finalizing a consolidation package for 2013 with measures described as durable, equitable, and as growth-friendly as possible.
Substantive findings
- Fiscal policy and implementation
- Policy implementation continued to remain strong.
- Authorities were finalizing a consolidation package for 2013 aimed to be durable, equitable, and growth-friendly.
- Financial sector and market access
- Steadfast policy implementation helped access to market funding.
- Ireland remained susceptible to global financial shocks.
- Public debt and risk
- Public debt continued to remain high.
Subject tags and keywords (as provided)
- Subjects: Banking, Credit, Financial institutions, Loans, Money, Mortgages, Public debt, Sovereign bonds
- Keywords: arrears, BTL mortgage, CR, Credit, Europe, household mortgage arrears data, IMF quota, ISCR, Loans, market access, mortgage, Mortgages, proceeds, Restructured mortgage, Sovereign bonds