The International Monetary Fund (IMF) has approved a €1.48 billion loan for Ireland under a financing program implemented last year, The Wall Street Journal reports. The program was put in place to help ward off an economic crisis in the country.
The Ireland government’s four-year €15 billion austerity program paved the way for a €85 billion bailout package from the IMF and the European Union, adds The Guardian. Ireland has so far got €8.7 billion of the total bailout package it has also been restricted from accessing the bond markets.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from The Guardian.