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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