IMF gives Ireland €1.48bn loan
Washington - The International Monetary Fund released the latest tranche on Friday of €1.48bn ($2.11bn) to Ireland as part of an IMF-EU bailout for the debt-ridden government in Dublin.
The instalment is part of an €85bn rescue package.
The IMF praised the government's ongoing austerity and reform efforts, and noted that Ireland's economy has shown signs of stabilising along with improvements in financial markets.
A reorganisation of the banking sector has progressed faster than anticipated when the new strategy was rolled out in March, the Washington-based international crisis lender said.
The latest tranche brings to €8.68bn the total IMF assistance delivered to Ireland so far.