Business Irish

Saturday 18 November 2017

Troika to deliver report on options to aid bailout exit

Joe Brennan

The Government expects the troika to deliver a paper "early this month" outlining options to aid an exit from its bailout programme, according to the Department of Finance.

The department added that it does not plan to publish the report, nor the contents of a separate document on Irish proposals to smooth its exit. The troika is scheduled to hold its ninth quarterly review of the bailout at the end of this month.

The troika may propose a precautionary credit line to ease Ireland's bailout exit in 2013, Finance Minister Michael Noonan and NTMA boss John Corrigan said in November.

The International Monetary Fund said two weeks ago that the Government would also be helped by a deal to refinance so-called promissory notes used to rescue former Anglo Irish Bank and access to the European Central Bank's bond-buying programme. (Bloomberg)

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