Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Ajai Chopra:

That those were the view. I wouldn't say that they were necessarily the views of the IMF board. I think, again, you've got many layers. You've got the IMF staff, you've got the IMF management - by "management", what we mean here is the managing director primarily, who is the head of the staff - and then you've got the executive board, which has representatives from the membership, the 24 executive directors. And I would not say that the IMF board was fully behind the management and the staff on burden-sharing. And you will see this in the context of the summing up of the ex postassessment that was done by the IMF on Ireland. The ex postassessment took a position on burden sharing very similar to what I've been saying, but if you look at the summing up of the executive board, that is much more lukewarm.

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