{
  "title": "Ireland: Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring",
  "publication": "IMF Staff Country Reports, December 19, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/ireland-twelfth-review-under-the-extended-arrangement-and-proposal-for-post-program-41147",
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  "summary": "This paper discusses Ireland’s Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring. Ireland has pulled back from a severe banking crisis with the support of the EU-IMF arrangements and broader European initiatives.",
  "sections": [
    {
      "heading": "Overview and Purpose",
      "content": "- Discusses Ireland’s Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring.\n- Reviews progress under the EU-IMF arrangements and broader European initiatives supporting Ireland’s recovery.\n- IMF staff supports the authorities’ request for completion of the twelfth review."
    },
    {
      "heading": "Economic Performance and Outlook",
      "content": "- Growth has exceeded the euro area average, though it is below initial projections.\n- Indicators suggest a recovery may be emerging."
    },
    {
      "heading": "Banking, Financial Stability, and Reforms",
      "content": "- Ireland pulled back from a severe banking crisis with support from EU-IMF arrangements and broader European initiatives.\n- Banking reforms have supported financial stability.\n- Crisis and bank support led to a substantial rise in the deficit and a sharp increase in public debt."
    },
    {
      "heading": "Fiscal Impact and Public Debt",
      "content": "- The crisis and bank support produced a substantial rise in the deficit.\n- The crisis and bank support produced a sharp increase in public debt."
    },
    {
      "heading": "IMF Staff Assessment and Recommendation",
      "content": "- On the basis of the progress made under Ireland’s program, IMF staff supports the authorities’ request for completion of the twelfth review."
    },
    {
      "heading": "Subjects and Keywords (as listed)",
      "content": "- Subjects: Banking, Credit, Financial institutions, Loans, Money, Mortgages, Nonperforming loans, Public debt\n- Keywords: BoI's intention, CR, Credit, deficit target, EFF arrangement, Global, IMF quota, ISCR, Loans, Mortgages, Nonperforming loans, policy implementation, review Ireland, share price, track record, trading condition, yield\n\n---\n\n Content in this bundle\n\n- cr13366\n  - cr13366 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13366 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 19, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484312360.002",
    "Discusses Ireland’s Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring.",
    "Reviews progress under the EU-IMF arrangements and broader European initiatives supporting Ireland’s recovery.",
    "IMF staff supports the authorities’ request for completion of the twelfth review.",
    "Growth has exceeded the euro area average, though it is below initial projections.",
    "Indicators suggest a recovery may be emerging.",
    "Ireland pulled back from a severe banking crisis with support from EU-IMF arrangements and broader European initiatives.",
    "Crisis and bank support led to a substantial rise in the deficit and a sharp increase in public debt.",
    "The crisis and bank support produced a substantial rise in the deficit.",
    "The crisis and bank support produced a sharp increase in public debt.",
    "On the basis of the progress made under Ireland’s program, IMF staff supports the authorities’ request for completion of the twelfth review.",
    "Subjects: Banking, Credit, Financial institutions, Loans, Money, Mortgages, Nonperforming loans, Public debt",
    "Keywords: BoI's intention, CR, Credit, deficit target, EFF arrangement, Global, IMF quota, ISCR, Loans, Mortgages, Nonperforming loans, policy implementation, review Ireland, share price, track record, trading condition, yield",
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