Cover IMF Staff Country Reports
Ireland: Third Review Under the Extended Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners);Staff Supplement; Press Release on the Executive Board Discussion.
Author: International Monetary Fund
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 276
Language:
English
Publication Date:
07 Sep 2011
DOI:
https://doi.org/10.5089/9781463902353.002
ISBN:
9781463902353
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; market; market commentary; EU financing; financing; mortgage; market appraisal; renewed bond purchase; growth prospect; debt service; private sector; Mortgages; Loans; Credit; Fiscal consolidation; Europe; Global
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The Irish authorities steadfastly maintained strong policy implementation despite a sharp escalation and expansion of stress in euro area sovereign bond markets. Strengthened European support is welcome, but early implementation is key, and restoring broader stability in the euro area is essential. Strengthening supervision and the broader financial framework is critical. Lowering the interest rates on EU loans, and lengthening their maturities, will improve debt and debt service dynamics. Timely and sound implementation of financial sector reforms will help to fully benefit from stronger European support.
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund