Saturday 19 April 2014

IMF will retain office in Dublin after bailout exit

Office in Central Bank will be retained for at least a year

The Central Bank building in Dame St, Dublin, which was designed by the late architect Sam Stephenson

The IMF will keep an office in Dublin after the bailout concludes next week, it has emerged.

The Department of Finance last night confirmed that the IMF office in the Central Bank will be retained for at least one year after the country leaves the programme, with a department spokesperson saying this is standard procedure for country's in Ireland’s position.

“We’ve always said there would be ongoing engagement with the IMF even after the bailout is finished. It will likely be twice yearly meetings with the IMF,” the spokesperson said last night.

The two other lenders in the Troika, the ECB and the European Commission, already have permanent bases in Dublin.

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