Michael McGrath (Cork South Central, Fianna Fail)
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Question 96: To ask the Minister for Finance if dates have been set for the next quarterly review by the troika of the EU/IMF Programme; and if he will make a statement on the matter. [17944/11]

Michael Noonan (Limerick City, Fine Gael)
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Part of the conditions of the EU-IMF Programme of Financial Support for Ireland is that there should be quarterly reviews of the programme to assess progress against the agreed targets.

The Review mission comprises a series of meetings to evaluate all the elements of the programme including fiscal developments, the macroeconomic outlook, progress on commitments in the restructuring of the financial sector and structural reform. These meetings, which are ongoing, range from technical discussions at official level to policy discussions at senior official and political level. Following the Review Mission, the staff of the IMF and the European Commission Services prepare staff reports for consideration and approval, respectively by the IMF Executive Board and Eurogroup/ECOFIN at subsequent meetings. This represents the completion of the review process.

The mission element of the third Review takes place between the 6 and 15 July 2011. It is expected that the Executive Board and Eurogroup/ECOFIN consideration will take place in late August and early September.