The National Treasury Management Agency says Ireland now has the ability to fund itself on the bond markets.
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To successfully exit the Troika bailout, Ireland must be able to show it can meet its borrowing needs – and the NTMA says it’s met its goal of having a year’s cash in place to fund the state.
So far this year, it has raised 7.5 billion euro by selling government bonds – and it says it will consider further sales later in the year.
Speaking at the launch of the agency’s annual report today, Chief Executive of the NTMA John Corrigan acknowledged that the markets would like a "precautionary" programme in place for when Ireland exits the bailout programme.
