## Ireland: Request for an Extended Arrangement‑Staff Report; Staff Supplement; Staff Statement; and Press Release on the Executive Board Discussion.

_IMF Staff Country Reports, December 17, 2010_

## Source details

**Canonical URL:** [Ireland: Request for an Extended Arrangement‑Staff Report; Staff Supplement; Staff Statement; and Press Release on the Executive Board Discussion.](https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-request-for-an-extended-arrangement-staff-report-staff-supplement-staff-statement-24510)

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## Bibliographic details
- Published: December 17, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455212897.002

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### Summary findings and program objectives
- The economic and financial pressures facing Ireland are described as "intense."
- The banking sector is identified as "at the fulcrum of Ireland’s problems."
- Major objective: restore the banking system by creating a leaner and more robust banking sector.
- The program will address structural problems and restore confidence in the banking sector.
- Support measures include providing additional capital to banks to assist the transition.
- Credibility measures include stringent stress and diagnostic tests for banks.
- The program faces "substantial risks" that "will need to be actively managed."

### Policy measures and implementation features
- Capital support:
  - The program provides support in the transition through additional capital to banks.
- Banking-sector credibility and oversight:
  - The credibility of the banking system will be bolstered by stringent stress and diagnostic tests.
- Risk management:
  - The substantial risks to the program will need to be actively managed.

### Subject areas and keywords (as listed)
- Subject: Banking, Commercial banks, Credit, Debt service, External debt, Financial institutions, Money, Public debt
- Keywords: Commercial banks, CR, Credit, Debt service, debt service burden, Europe, financing package, Global, IMF contribution, ISCR, policy change, PRSI contribution rate

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-request-for-an-extended-arrangement-staff-report-staff-supplement-staff-statement-24510_