{
  "title": "Ireland: First and Second Reviews Under the Extended Arrangement and Request for Rephasing of the Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners); Staff Supplement; and Press Release on the Executive Board Discussion.",
  "publication": "IMF Staff Country Reports, May 20, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-first-and-second-reviews-under-the-extended-arrangement-and-request-for-rephasing-of-24863",
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  "summary": "Ireland has made progress in overcoming the economic crisis. The new coalition government’s strategy for restoring sustained growth, sound public finances, and job creation has been put forward in the context of the European Union/IMF-supported program.",
  "sections": [
    {
      "heading": "Summary of findings and policy assessment",
      "content": "- Ireland has made progress in overcoming the economic crisis.\n- The new coalition government’s strategy aims to restore sustained growth, sound public finances, and job creation within the context of the European Union/IMF-supported program.\n- The government adopted a comprehensive strategy to reorganize and deleverage domestic banks, and to strengthen their capital base.\n- The report emphasizes that steadfast implementation of policies coupled with support from a comprehensive European plan will foster Ireland's economy."
    },
    {
      "heading": "Banking sector strategy and financial stability",
      "content": "- Comprehensive strategy adopted to:\n  - Reorganize domestic banks.\n  - Deleverage domestic banks.\n  - Strengthen banks' capital base.\n- Policy implication:\n  - Continued policy implementation and European support are presented as key to fostering economic recovery."
    },
    {
      "heading": "Program context and governance",
      "content": "- The government's strategy is presented in the context of the European Union/IMF-supported program.\n- Document components listed in the title indicate a package including:\n  - Staff Report\n  - Letter of Intent\n  - Memorandum of Economic and Financial Policies\n  - Technical Memorandum of Understanding\n  - Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners)\n  - Staff Supplement\n  - Press Release on the Executive Board Discussion"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Banking, Commercial banks, Credit, Financial institutions, Fiscal consolidation, Fiscal policy, Loans, Money, Public debt\n- Keywords: budget neutrality, Commercial banks, CR, Credit, european financial stability facility, financing, financing package, Fiscal consolidation, IMF-supported program, increase in capital spending, Ireland's IMF quota, ISCR, Loans, spending\n\nSource: Ireland: First and Second Reviews Under the Extended Arrangement and Request for Rephasing of the Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners); Staff Supplement; and Press Release on the Executive Board Discussion. May 20, 2011.\n\n---\n\n Content in this bundle\n\n- cr11109\n  - cr11109 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11109 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: May 20, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781455290642.002",
    "Ireland has made progress in overcoming the economic crisis.",
    "The new coalition government’s strategy aims to restore sustained growth, sound public finances, and job creation within the context of the European Union/IMF-supported program.",
    "The government adopted a comprehensive strategy to reorganize and deleverage domestic banks, and to strengthen their capital base.",
    "The report emphasizes that steadfast implementation of policies coupled with support from a comprehensive European plan will foster Ireland's economy.",
    "Comprehensive strategy adopted to:",
    "Policy implication:",
    "The government's strategy is presented in the context of the European Union/IMF-supported program.",
    "Document components listed in the title indicate a package including:",
    "Subject: Banking, Commercial banks, Credit, Financial institutions, Fiscal consolidation, Fiscal policy, Loans, Money, Public debt",
    "Keywords: budget neutrality, Commercial banks, CR, Credit, european financial stability facility, financing, financing package, Fiscal consolidation, IMF-supported program, increase in capital spending, Ireland's IMF quota, ISCR, Loans, spending",
    "**_cr11109**"
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