Ireland : Fourth Review Under the Extended Arrangement and Request for Rephasing of the Arrangement: Staff Report; Letter of Intent; Memorandum of Economic and Financial Policies; Technical Memorandum of Understanding; Letter of Intent and Memorandum of Understanding on Specific Economic Policy Conditionality (College of Commissioners); Staff Supplement; Press Release on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2011/356

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (91 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2011.

Summary:

The Irish authorities are adopting consolidation measures to meet the original fiscal targets as well as implementing structural reforms in the labor market and sheltered sectors to enhance competitiveness. Strengthened euro area support for Ireland’s growth and debt sustainability would greatly reinforce prospects for Ireland to regain market access at an early stage given more adverse circumstances. Reports suggest that investors are differentiating Ireland based on its policy implementation track record and growth prospects. Vulnerabilities persist, however, as international demand for Irish bonds is sensitive to developments in the euro area.

Contents:

Cover; Contents; I. Background; II. Recent Developments; Figures; 1. Real Sector and Inflation Indicators; Boxes; 1. Mortgage Distress: A More Granular Analysis; 2. Housing Market and Mortgage Indicators; 3. Credit Developments; III. Outlook; IV. Policy Discussions; A. Fiscal Consolidation and Institutional Framework; 4. Selected Trends in General Government Public Finances; B. Financial Sector Reforms; 2. New Legal Framework for Bank Resolution; 3. Recapitalization, Capital Adequacy, Provisioning and Disclosure; 4. Strengthening the Irish Credit Union Sector

C. Reinforcing Growth and Job Creation Prospects V. Program Modalities and Risks; VI. Staff Appraisal; Tables; 1. Selected Economic Indicators, 2007-12; 2. Medium-Term Scenario, 2007-16; 3. General Government Finances, 2007-15; 4. Indicators of External and Financial Vulnerability, 2007-11; 5. General Government Financing Requirements and Sources, 2008-13; 6. Summary of Balance of Payments, 2008-13; 7. Monetary Survey, 2008-11; 8. Schedule of Reviews and Purchases; 9. Indicators of Fund Credit, 2010-24; Annexes; I. Debt Sustainability Analysis; II. Fund Relations; Attachments

I. Letter of IntentII. Memorandum of Economic and Financial Policies; III. Technical Memorandum of Understanding (TMU); IV. Letter of Intent (European Commission); V. Memorandum of Understanding on Specific Economic Policy Conditionality (European Commission)

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781463954093

1463954093

9781463945565

1463945566