merrion street

Ireland has successfully concluded the eleventh review mission of our EU-IMF Programme. In line with each of the previous quarterly reviews, Ireland has met its commitments and our continued strong programme implementation has been recognized by the Troika.

This review mission, which started on 9th of July and ended on the 18th of July, has again involved a detailed assessment of the macroeconomic outlook, the fiscal position, and the progress being made on the restructuring of the financial sector and broader structural reforms in line with the commitments set out for the second quarter of 2013. The mission is the first stage in the review process which concludes with consideration and approval by the IMF in September and the EU in October.

Commenting on the successful conclusion of the 11th review mission, Minister Noonan and Minister Howlin stated:

Ireland has successfully completed the 11th Review Mission and we continue to meet our targets. The completion of the Q2 2013 programme conditions brings to over 230 the number of commitments that have been fulfilled on time and we have now drawn down some 91% of the available funding.