Menu
07/02/2013
Ireland Concludes Ninth Review Of EU-IMF Programme
Ireland has today successfully concluded the ninth review mission of our EU-IMF Programme.
In line with each of the previous quarterly reviews, Ireland has met all of the commitments and our continued strong programme implementation has been recognised by the Troika.
This review mission, which started on January 29th, has again involved a detailed assessment of the macroeconomic outlook, the fiscal position, and the progress being made on the restructuring of the financial sector and broader structural reforms in line with the commitments set out for the fourth quarter of 2012.
The 9th review of the Programme also included a forward looking element which culminated in the agreement of the programme commitments for the upcoming quarter and the remainder of the Programme.
The objective of all parties is to position Ireland to emerge successfully from the Programme at the end of this year.
Minister Noonan and Minister Howlin stated: "We are pleased to confirm that Ireland has successfully completed the 9th Review Mission and we continue to meet all of our targets. The completion of the Q4 2012 programme conditions brings to over 190 the number of commitments that have been fulfilled on time and we have now drawn down some 84% of the available funding. Throughout the course of the review we have demonstrated significant progress on delivering on our commitments but we do not underestimate the significant challenges that remain. Our focus is now firmly on our exit strategy from the Programme, our re-entry into the financial markets and the debt sustainability of the Programme."
(CD/GK)
In line with each of the previous quarterly reviews, Ireland has met all of the commitments and our continued strong programme implementation has been recognised by the Troika.
This review mission, which started on January 29th, has again involved a detailed assessment of the macroeconomic outlook, the fiscal position, and the progress being made on the restructuring of the financial sector and broader structural reforms in line with the commitments set out for the fourth quarter of 2012.
The 9th review of the Programme also included a forward looking element which culminated in the agreement of the programme commitments for the upcoming quarter and the remainder of the Programme.
The objective of all parties is to position Ireland to emerge successfully from the Programme at the end of this year.
Minister Noonan and Minister Howlin stated: "We are pleased to confirm that Ireland has successfully completed the 9th Review Mission and we continue to meet all of our targets. The completion of the Q4 2012 programme conditions brings to over 190 the number of commitments that have been fulfilled on time and we have now drawn down some 84% of the available funding. Throughout the course of the review we have demonstrated significant progress on delivering on our commitments but we do not underestimate the significant challenges that remain. Our focus is now firmly on our exit strategy from the Programme, our re-entry into the financial markets and the debt sustainability of the Programme."
(CD/GK)
Related Irish News Stories
Click here for the latest headlines.
07 July 2011
Minister Publishes First Review Of Water Programme
The first review of the Water Services Investment Programme 2010-2012 has been announced. The €350m investment in 2011 alone, will fund over 100 contracts currently under construction and will see the commencement of over 60 more.
Minister Publishes First Review Of Water Programme
The first review of the Water Services Investment Programme 2010-2012 has been announced. The €350m investment in 2011 alone, will fund over 100 contracts currently under construction and will see the commencement of over 60 more.
23 July 2024
Entertainment Meets Betting: Top Ireland Casino Games To Play In 2024
Ireland has always been known for its vibrant culture, and now, it's also becoming a hotspot for exhilarating casino games. In 2024, players will have many options to keep them entertained, from online casinos to Belfast's best game and entertainment centres.
Entertainment Meets Betting: Top Ireland Casino Games To Play In 2024
Ireland has always been known for its vibrant culture, and now, it's also becoming a hotspot for exhilarating casino games. In 2024, players will have many options to keep them entertained, from online casinos to Belfast's best game and entertainment centres.
19 July 2024
How To Get Recommendations For Your Business In Northern Ireland
Would you trust a business, or recommendations from friends and family more? All companies have a vested interest, as they are trying to sell a product. Customers know this. Thus, the best form of marketing is word of mouth, but that is not easy to get. Below, we discuss how you can find recommendations for your business in Northern Ireland.
How To Get Recommendations For Your Business In Northern Ireland
Would you trust a business, or recommendations from friends and family more? All companies have a vested interest, as they are trying to sell a product. Customers know this. Thus, the best form of marketing is word of mouth, but that is not easy to get. Below, we discuss how you can find recommendations for your business in Northern Ireland.
15 December 2011
IMF Loan Ireland €3.9bn For Austerity Expediency
Ireland is to receive a tranche of its agreed bailout deal with the International Monetary Fund, after being commended on being "ahead of schedule" on austerity. The executive board of the International Monetary Fund said it had completed its review of Ireland's implementation of the bailout programme and agreed to release a further €3.
IMF Loan Ireland €3.9bn For Austerity Expediency
Ireland is to receive a tranche of its agreed bailout deal with the International Monetary Fund, after being commended on being "ahead of schedule" on austerity. The executive board of the International Monetary Fund said it had completed its review of Ireland's implementation of the bailout programme and agreed to release a further €3.
22 November 2010
North's Secretary Offers Irish Bail-out
At the same time as pressing the Stormont Executive to quickly agree their own local budget, the North's Secretary of State, Owen Paterson has just reiterated the UK Government's willingness to assist the Irish Government if asked.
North's Secretary Offers Irish Bail-out
At the same time as pressing the Stormont Executive to quickly agree their own local budget, the North's Secretary of State, Owen Paterson has just reiterated the UK Government's willingness to assist the Irish Government if asked.
-
Ireland WeatherToday:A cloudy morning with scattered showers, some of these could be heavy in the afternoon. Becoming mostly dry by evening with increasing amounts of sunshine. Feeling rather warm. Maximum temperature 20 °C.Tonight:A bright end to the day with any showers quickly dying out. Dry overnight with long clear spells and light winds. Minimum temperature 11 °C.
