The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Ireland’s performance under an economic program supported by a three-year, SDR 19.5 billion (about €21.8 billion; or US$30.9 billion) arrangement under the Extended Fund Facility (EFF), or the equivalent of about 1,548 percent of Ireland’s IMF quota. The completion of the reviews enables the immediate disbursement of an amount equivalent to SDR 1.41 billion (about €1.58 billion; or US$2.24 billion), bringing total disbursements under the EFF to SDR 6.42 billion (about €7.20 billion; or US$10.19 billion).
