IMF Staff Country Reports

Ireland: Ninth Review Under the Extended Arrangement

Publication Date:

April 3, 2013

Electronic Access:

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Summary:

A positive financial market and real sector developments support Ireland's capacity to exit the EU-IMF supported program at year's end. But the underlying fiscal and financial situation is still difficult, and continued strong policy execution remains paramount. Improvement in dealing with nonperforming loans and preventing a rise in structural unemployment is critical to strengthen prospects for recovery. Ireland’s strong track record of budget execution must be maintained, and building on the recent strengthening of the medium-term budget framework will support a durable exit.

Series:

Country Report No. 2013/093

Subject:

Banking Bond yields Credit Financial institutions Loans Money Mortgages Public debt