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IMF's Christine Lagarde and Michael Noonan to discuss Ireland's bailout at Dublin conference

The Government and the International Monetary Fund (IMF) look set to collide over the success and legacy of Ireland's Troika bailout programme.

Christine Lagarde, IMF Managing Director, is in Dublin today to take part in a major conference on Ireland's Troika bailout experience.

She will also pay a visit to Finance Minister Michael Noonan in the Department of Finance, and Public Expenditure Minister Brendan Howlin.

Mr Noonan, Mr Howlin and Ms Lagarde will hold a meeting at the Department during which Ireland's post-Troika economic recovery will be discussed.

Ireland's premature repayment of €18bn of IMF loans, which is seen by both sides as "highly significant", will also be discussed.

During the visit, it is expected that Ms Lagarde and other senior EU figures will seek to claim credit for the design and structure of Ireland's controversial €85bn programme.

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Dirk Schoenmaker (Duisenberg Schoolof Finance) speaking at the 'Ireland- Lessons from it's Recovery from the Bank-Sovereign Loop' conference organised by the CBI CEPR and IMF at Dublin Castle. Pic Steve Humphreys
19th January 2015.

Dirk Schoenmaker (Duisenberg Schoolof Finance) speaking at the 'Ireland- Lessons from it's Recovery from the Bank-Sovereign Loop' conference organised by the CBI CEPR and IMF at Dublin Castle. Pic Steve Humphreys 19th January 2015.

IMF chief Christine Lagarde

IMF chief Christine Lagarde

Bloomberg

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Dirk Schoenmaker (Duisenberg Schoolof Finance) speaking at the 'Ireland- Lessons from it's Recovery from the Bank-Sovereign Loop' conference organised by the CBI CEPR and IMF at Dublin Castle. Pic Steve Humphreys 19th January 2015.

However, Mr Noonan and Mr Howlin are also likely to emphasise the changes to the programme made by the Government on taking office.

Mr Noonan is expected to emphasise certain "growth oriented moves" such as targeted VAT reductions and the Action Plan for Jobs programme.

He is also very likely to discuss his scrapping the promissory note in early 2013 and the liquidation of the IBRC.

Mr Noonan will also raise his renegotiating of interest rates on the original punitive bailout funds.

Ms Lagarde is also to meet briefly with Taoiseach Enda Kenny in Government Buildings.

Ms Lagarde famously was a guest of Mr Noonan in Doheny and Nesbitt's pub on Baggott Street on her last visit to Dublin in March 2013.

She was also France's finance minister at the height of the crash and was known to be on good terms with the late Brian Lenihan, Mr Noonan's predecessor.

Mr Noonan, Mr Howlin and Ms Lagarde will all be partaking in the IMF/Central Bank conference at Dublin Castle on "Ireland - Lessons from Its Recovery from the Bank-Sovereign Loop".

However, the conference is being held in the shadow of the Greek elections, which may dominate the agenda at the conference.

Elsewhere, Fine Gael MEP Brian Hayes has said he will not allow the European Parliament to "scapegoat" Ireland by pursuing an investigation into allegations it is a tax haven.

Mr Hayes insisted "Ireland has nothing to apologise for" and said "we've got to resist" such a move.

He said there has been an "attempt" within the European Parliament to target smaller countries, including Ireland.

Irish Independent