Friday 15 December 2017

IMF will seek details on new Programme for Government 'to understand key points'

THE International Monetary Fund (IMF) is to press the authorities for further detail on the new Programme for Government so it can "develop a better understanding" of key elements of the plan.

A spokesman for the organisation, which is providing about a third of Ireland's €67.5m international bailout fund, confirmed that there would be talks around the Programme for Government "soon".

"We look forward to starting discussions on the Government's programme and to developing a better understanding of some of the important details," he said.

The IMF is already due to visit Ireland in early April to carry out a review of the bailout plan that was drawn up last November.

The spokesman said the IMF welcomed the new Government's "strong commitment to the key goals and policy measures" that were laid down in the bailout package.

The comments come days after the European Commission welcomed the new Government's commitment to stick to the four-year recovery plan, which includes cuts of €9bn.

The European Central Bank (ECB), which makes up the final part of the international troika dealing with the Irish crisis, has so far made no public comment on the new Government.

Laura Noonan

Irish Independent

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