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The IMF's Ajai Chopra (right) and other troika officials in Dublin in July. Julien Behal/PA Wire
Troika

Troika team back in town for latest bailout review

The EU/IMF officials are expected to focus on unemployment, negative growth, and eurozone recession fears.

TROIKA OFFICIALS are back in Ireland to carry out their latest review of the government’s adherence to the bailout agreement.

Ireland has been given positive assessments by the troika in their recent reports, which said the country was on-track to meet its loan targets.

After the IMF’s fourth review of Ireland’s performance, a further €3.9 billion was released last month to the government under the terms of the bailout.

However, the IMF warned that weakening activity among Ireland’s export partners could impact on the country’s export levels.

During this review, troika officials are expected to focus on the implementation of measures to meet targets set under the loan agreement, Ireland’s unemployment levels and negative growth in the last quarter. Wider concerns that the eurozone could slip back into recession this year are also likely to be considered in the review.

The group is also expected to outline the next quarterly targets for the government.

Ireland ‘should be praying for a second bailout’, DCU economist warns >

Ireland’s economic growth forecast to hit just 1 per cent next year >

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