IMF Sends $1 billion Bailout to Ireland

The International Monetary Fund disbursed the next $1 billion aid tranche to Ireland on Wednesday, as the European island nation remains on track with the conditions of its loan program.

The IMF is one of a trio of lenders overseeing Dublin’s 85 billion euro ($115 billion) bailout, necessary after its biggest banks collapsed in 2010. The IMF’s portion of the program is about $30 billion.

Ireland is set to become the first euro zone country to exit an EU/IMF bailout in December after returning to debt markets, but its economy still needs to start growing by more than 2 percent per annum from next year on to help make its national debt sustainable.


This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.