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Troika to announce latest report today

Representatives from the Troika are expected to announce that Ireland has been meeting targets set out in the bailout plan.

Ajai Chopra, Deputy Director of the IMF’s European Department.
Ajai Chopra, Deputy Director of the IMF’s European Department.
Image: Photocall Ireland

THE LATEST REPORT on Ireland’s fiscal performance by the European Commission, European Central Bank and International Monetary Fund will take place later today.

The Minister for Finance Michael Noonan has already indicated that the country is still on track to meet targets, ahead of the announcement by representatives from the troika, Reuters reports. Ireland has passed all of its reviews to date.

The processes of bank capitalisation and restructuring are thought to be running slightly ahead of targets, while government income and the budget deficit appear to be hitting goals, RTÉ reports.

Noonan said that the government will work towards reducing the budget deficit to 8.6 per cent of GDP next year.

Read: Meeting Troika targets in 2012 is “not credible”, says social justice body>

Read: Bailout is “dispossessing poor and vulnerable people” of their money>

Read: Troika wanted Ireland to commit to €5bn sale of assets – Howlin>

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