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IMF OKs $2.24B Loan To Ireland

The International Monetary Fund has approved another $2.24 billion loan for Ireland.

The International Monetary Fund (IMF) has approved another $2.24 billion loan for Ireland, Irish Times reports. The disbursement of the new loan was approved after evaluating the country’s performance.

With the latest grant, Ireland has received about $10.19 billion from the IMF under its joint loan program with the European Union. The EU and the IMF together are providing about $120 billion to Ireland to help rescue it from a debt crisis.

Click here for the story from Irish Times.

Click here for additional coverage from Reuters.

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