The International Monetary Fund disbursed a fresh $1.17 billion (890 million euros) to Ireland on Monday, approving the country’s progress under its two-year-old rescue program.
“Ireland’s steadfast policy implementation has continued even as growth has slowed in 2012. The 2012 (fiscal shortfall) should be comfortably within the 8.6 percent deficit target despite health overruns and higher social welfare spending owing to high unemployment,” the IMF said.
Ireland gets $1.17 bn from IMF after review
