Ireland: Fifth Review Under the Extended Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion

International Monetary Fund

No 2012/048, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for Ireland’s fifth review under the Extended Arrangement states that financial sector reforms continued to advance, with the two structural benchmarks for end-2011 observed. In particular, targets for bank deleveraging in 2011 were met, with almost €15 billion of predominantly foreign assets sold at better prices than anticipated. Structural reforms have continued to progress, including the publication of reforms of the sectoral wage setting framework, and the development of a strategy for personal insolvency reform.

Keywords: ISCR; CR; state; central bank of Ireland; central bank; loan performance; loans data; loan portfolio resolution strategy; share of mortgage; Mortgages; Credit; Loans; Europe; Global (search for similar items in EconPapers)
Pages: 83
Date: 2012-03-02
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