Press release Statement by the European Commission, the ECB and the IMF on the review mission to Ireland
Staff teams from the European Commission, the European Central Bank (ECB) and the International Monetary Fund (IMF) visited Dublin for the regular quarterly review of the government’s economic programme from 10 to 19 January 2012. The teams’ assessment is that the programme is on track, but that challenges remain and that a continuation of steadfast policy implementation will be key. The European Commission and IMF missions will seek approval for the completion of this review from the relevant EU bodies and the IMF Executive Board respectively.
Programme implementation remains strong. The front-loaded fiscal consolidation is on track, with the 2011 deficit significantly below the programme targets. The Irish authorities have continued to push ahead with wide-ranging reforms to restore the health of the financial system, so that it can support Ireland’s recovery. Reforms to enhance competitiveness and support growth and job creation are moving forward.
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