World Economy

IMF Warns Ireland

IMF Warns IrelandIMF Warns Ireland

The International Monetary Fund has said the Ireland government’s new economic plan steers fiscal policy “broadly in the right direction” but it has warned that current favorable conditions could worsen, NewsNow reported. The IMF’s tacit support for the spring statement came as the European Commission said a “more ambitious” budgetary target next year would accelerate debt reduction and help protect against any future shocks. The two institutions and the European Central Bank were in Dublin this week for the first of two annual inspections in which the troika bodies examine the state’s progress since leaving the bailout in late 2013.