{
  "title": "Ireland: Ninth Review Under the Extended Arrangement",
  "publication": "IMF Staff Country Reports, April 3, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-ninth-review-under-the-extended-arrangement-40454",
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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.",
  "sections": [
    {
      "heading": "Executive summary and outlook",
      "content": "- A positive financial market and real sector developments support Ireland's capacity to exit the EU-IMF supported program at year's end.\n- The underlying fiscal and financial situation is still difficult, and continued strong policy execution remains paramount.\n- Improvement in dealing with nonperforming loans and preventing a rise in structural unemployment is critical to strengthen prospects for recovery.\n- 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."
    },
    {
      "heading": "Key findings and risks",
      "content": "- Financial markets and real sector developments are positive and supportive of program exit.\n- Fiscal and financial positions remain difficult despite recent improvements.\n- Nonperforming loans present a material challenge that requires active resolution strategies.\n- Preventing a rise in structural unemployment is essential to consolidate recovery gains.\n- Continued strong policy implementation is necessary to secure a durable exit from the EU-IMF supported program."
    },
    {
      "heading": "Policy recommendations",
      "content": "- Maintain Ireland’s strong track record of budget execution.\n- Build on the recent strengthening of the medium-term budget framework to support a durable exit.\n- Improve mechanisms for dealing with nonperforming loans, including resolution and restructuring strategies.\n- Take measures to prevent a rise in structural unemployment to strengthen recovery prospects."
    },
    {
      "heading": "Subject tags and keywords (as provided)",
      "content": "- Subject: Banking, Bond yields, Credit, Financial institutions, Loans, Money, Mortgages, Public debt\n- Keywords: bank, Bond yields, CR, Credit, discount assumption, Europe, IMF quota, implementation, ISCR, Loans, mortgage, Mortgages, policy implementation, resolution strategy, restructuring target\n\n---\n\n Content in this bundle\n\n- Ireland: Ninth Review Under the Extended Arrangement; IMF Country Report 13/93; March 13, 2013\n  - Ireland: Ninth Review Under the Extended Arrangement; IMF Country Report 13/93; March 13, 2013 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Ireland: Ninth Review Under the Extended Arrangement; IMF Country Report 13/93; March 13, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: April 3, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484328958.002",
    "A positive financial market and real sector developments support Ireland's capacity to exit the EU-IMF supported program at year's end.",
    "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.",
    "Financial markets and real sector developments are positive and supportive of program exit.",
    "Fiscal and financial positions remain difficult despite recent improvements.",
    "Nonperforming loans present a material challenge that requires active resolution strategies.",
    "Preventing a rise in structural unemployment is essential to consolidate recovery gains.",
    "Continued strong policy implementation is necessary to secure a durable exit from the EU-IMF supported program.",
    "Maintain Ireland’s strong track record of budget execution.",
    "Build on the recent strengthening of the medium-term budget framework to support a durable exit.",
    "Improve mechanisms for dealing with nonperforming loans, including resolution and restructuring strategies.",
    "Take measures to prevent a rise in structural unemployment to strengthen recovery prospects.",
    "Subject: Banking, Bond yields, Credit, Financial institutions, Loans, Money, Mortgages, Public debt",
    "Keywords: bank, Bond yields, CR, Credit, discount assumption, Europe, IMF quota, implementation, ISCR, Loans, mortgage, Mortgages, policy implementation, resolution strategy, restructuring target",
    "**Ireland: Ninth Review Under the Extended Arrangement; IMF Country Report 13/93; March 13, 2013**"
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