IMF Approves Loan Tranche for Ireland

Article source
The Wall Street Journal

WASHINGTON—The International Monetary Fund approved Wednesday a €920 million ($1.16 billion) loan tranche for Ireland, lauding the country's ability to meet bailout program targets despite a slowdown in growth.

The IMF financing is part of a larger €85 billion joint European Union-IMF bailout approved in 2010 in the wake of an acute financial crisis in the country. In recent months, Ireland has been able to once again tap financial markets for its debt, despite considerable headwinds from the wider euro crisis. ...