Ireland: Twelfth Review Under the Extended Arrangement and Proposal for Post-Program Monitoring

 
 
Publication Date: December 19, 2013
 
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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. Though below initial projections, growth has exceeded the euro area average and indicators suggest a recovery may be emerging. Banking reforms have supported financial stability. The crisis and bank support led to a substantial rise in the deficit and a sharp increase in public debt. On the basis of the progress made under Ireland’s program, the IMF staff supports the authorities’ request for completion of the twelfth review.
 
Series: Country Report No. 13/366
Subject(s): Extended arrangement reviews | Economic conditions | Fiscal policy | Fiscal consolidation | Fiscal reforms | Bank restructuring | Bank supervision | Economic indicators | Debt sustainability analysis | Post-program monitoring | Ireland | Housing prices

 
English
Publication Date: December 19, 2013
ISBN/ISSN: 9781484312360/1934-7685 Format: Paper
Stock No: 1IRLEA2013005 Pages: 79
Price:
US$18.00 (Academic Rate:
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