The International Monetary Fund has approved the payout of another 3.2 billion euro in loans to Ireland.
It follows the fifth review of our progress under the bailout deal, and brings the amount released so far to 16 billion euro.
In a statement, the IMF said authorities here are continuing to advance wide-ranging reforms to restore the health of the financial system so it can support Ireland’s recovery.
It also comments on the major progress made in downsizing the banking system, setting up a strategy for personal insolvency, and meeting the fiscal targets for last year.
However it’s warning that the challenges Ireland is facing have intensified since our programme began, and says continued strong implementation of fiscal consolidation and reforms are critical to Ireland getting back on the markets.
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