Written answers

Wednesday, 2 November 2011

Department of Finance

Memoranda of Understanding

8:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 20: To ask the Minister for Finance following the completion of the recent review mission by the EU-ECB-IMF, when he expects that the revised memorandum of understanding and associated documents will be published; and if he will make a statement on the matter. [31912/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, the latest review mission by the External Partners took place from the 11th - 20th of October. There are a numbers of programme documents that underpin the Programme of Financial Support. These documents include

· the Memorandum of Economic and Financial Policies (MEFP)

· the Memorandum of Understanding on Specific Economic Policy Conditionality, (MoU)

· the Letters of Intent to the IMF and the EU Authorities; and

· the Technical Memorandum of Understanding (TMU) attached to the Letter of Intent (LoI) to the IMF.

Following each review mission a revised version of these documents is published. These revised documents are being finalised and when that process is completed they will be formally submitted to the External Partners and published as has been the case to date. At this stage it is expected that this process will be completed by the end of the month.

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