Bloomberg News

IMF Approves $4.3 Billion Disbursement to Ireland

February 27, 2012

Feb. 27 (Bloomberg) -- The International Monetary Fund completed a fifth review of Ireland’s performance, allowing the immediate disbursement of an amount equivalent to $4.33 billion.

The payment will bring total disbursements to about $21.49 billion, the IMF said in an e-mailed statement today.

Ireland made “major progress” in downsizing its banking system, the IMF said.

To contact the reporter on this story: Louisa Fahy in Washington at lnesbitt@bloomberg.net

To contact the editor responsible for this story: Kevin Costelloe at kcostelloe@bloomberg.net


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