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Wednesday 24 January 2018

IMF urges action on jobs crisis

THE International Monetary Fund (IMF) has urged the Government to put significantly more resources into tackling the problem of long-term unemployment.

Its appeal to address the crisis comes as the Government unveiled its new plan to take 75,000 of the long-term unemployed off the dole queues.

As the troika finished its second-last review mission under the terms of the bailout, the IMF urged the redeployment of staff with suitable skills and training in order to help get people back into work. "Reducing unemployment remains a key challenge," it said.

Meanwhile, the State's debt-management agency has confirmed that Ireland is funded for more than a year from the end of this year, when the country is due to exit the bailout.

But John Corrigan, chief executive of the National Treasury Management Agency, accepted that the financial markets would like the country to apply for a precautionary credit line – a safety net of sorts – when it does so.

Irish Independent

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