Bilateral Loan to Ireland
Mark Hoban (Financial Secretary, HM Treasury; Fareham, Conservative)
I would like to update the House on the loan to Ireland.
Ireland completed the sixth quarterly review of its International Monetary Fund and European Union programme of financial assistance on
Upon request, the Treasury disbursed the fourth instalment of £403.37 million on
The Treasury will provide a further report to Parliament in relation to the bilateral loan as required under the Loans to Ireland Act 2010 as soon as is practicable following the next reporting period, which ends on
As my written statement of
The Government believe that it is in our national interest that the Irish economy is successful and its banking system is stable. The Government continue to support Ireland’s efforts to improve its economic situation.