Go Finance Reporting in WASHINGTON - The International Monetary Fund (International Monetary Fund / IMF) had of agreed to provide bridging finance to Ireland worth USD225 million to resolve the crisis.
As reported by AFP on Saturday (06/04/2011), the IMF said that the Irish economy will likely grow again this year. But however the Irish were predicted to face the risk of inflationary pressures, delays in investment, unemployment and slow growth associated with debt restructuring that occurred in the private sector.
It also affects the strategy of the Irish themselves to control their spending as a strategy to be careful.
"Given the tremendous potential out of funds, elimination of budget control should be resumed gradually. The government should give attention to this condition in which the speed of liberalization on the balance of payments can provide the appropriate financial stability," said the IMF.
Ireland said it also warns about the need to continue strengthening the financial institution to maintain its balance sheet in order to stay positive. The country also has to manage those obligations since 2008. Like for example the takeover of the failed Landsbanki bank financially healthy.
Previously, the IMF has to bailout amounted to $ 2, 2 billion on the financial crisis in 2008. (GoFinance)
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