Business Irish

Saturday 10 December 2016

Happy Christmas loan of €3.9 billion released by IMF

Published 15/12/2011 | 08:48

THE executive board of the International Monetary Fund has agreed to release €3.9 billion in loans to Ireland after completing its review of Ireland's implementation of the bailout programme.

  • Go To

The announcement was made after a meeting in Washington, and the organisation noted that it has so far loaned Ireland €13bn as part of the bailout programme.



The IMF is expected to lend Ireland about €23bn over three years.



At the last release of funding, the IMF noted that the Government had adopted a plan in March to reorganise and reduce debts of its domestic banks and said the strategy was "ahead of schedule in some areas."

Read More

Promoted articles

Editors Choice

Also in Business