IMF and Ireland

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International Economic Relations

Institute of Social Studies

International Relations
University of Wrocław
 Outline of the presentation

1. Overview
2. Advantages of Work in Ireland
3. Disadvantages of Work in Ireland
4. Sources
 Overview of Irish Economy

1. Since August 2017, Irish unemployment has been at a 9-year low of

6.1%.[3]
2. the "Celtic Tiger", which continued until the 2008 global financial
crisis
3. Rising incomes and cheap credit fueled a real estate bubble. Vast
lending on commercial and residential property expanded bank
assets to five times Ireland’s GDP.
 Advantages

• imf tried to help the best solution for

Ireland came from themselves and not f
ex from European Union

• the focus was to stabilize bank system

and second the public health, they
followed imfs recommandation and
reformed the banking system

• the huge amount of money given by the

imf that gave Ireland the chance to
restart
 Disadvantages

During 2010, the IMF had to use its economic bailout

capacity to support Ireland and other European Union
Member nations as a result of the economic fallout following
the Great Recession.

During the recession and the subsequent Post 2008 Irish

banking crises the economy went into an economic downfall
which led to economic and political turmoil.

EU states drew on international funding packages totaling 85

billion euros, of which Ireland received credit of 22.5 billion
euros to fund programmes to restore the banking system
back to health, and reduce budget deficits.
 Sources

https://en.wikipedia.org/wiki/Economic_history_of_the_Republic_of_Ireland#:
~:text=The%20economic%20history%20of%20the,independence%20from%20t
he%20United%20Kingdom.&text=However%2C%20global%20and%20domestic
%20factors,poor%20economic%20performance%20and%20emigration.

https://www.imf.org/en/Countries/IRL/ireland-lending-case-study

https://www.imf.org/en/Countries/IRL

https://www.jstor.org/stable/23489215?seq=1&cid=pdf-reference

The International Politics of Ireland's EU/IMF Bailout

Thank you for attention
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Vedant Gaur
Tarang Agrawal
Lelaina Staufer