Oireachtas Joint and Select Committees

Thursday, 24 January 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Economy and Funding Requirements: Discussion with NTMA

2:35 pm

Mr. John Corrigan:

I am not sure that they are a necessary condition to exit from the programme but they would be a valuable facility to have. While we would be the first developed country to exit from an EU-IMF programme, in the context of countries exiting from IMF programmes, which operate in slightly different circumstances, it would be a standard feature of exit arrangements that contingent credit lines facilities would apply.

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