Written answers

Tuesday, 23 July 2024

Department of Finance

International Programmes

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent)
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305.To ask the Minister for Finance for an update on the implementation of the 2022 International Monetary Fund Financial Sector Assessment Programme; and if he will make a statement on the matter. [30912/24]

Photo of Jack ChambersJack Chambers (Dublin West, Fianna Fail)
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As the Deputy will be aware, Ireland's most recent IMF Financial Sector Assessment Programme took place in 2022, resulting in 19 recommendations for the Irish authorities to take forward.

An update on the implementation of the 2022 FSAP was most recently published in December 2023 as part of Ireland’s 2023 Article IV Consultation. The report can be found on the IMF website at the following location:

As noted in the IMF report, the Irish Authorities either have completed or are on track to address the key recommendations of the 2022 FSAP. Annex II of the report outlines the progress made on each of the 19 key recommendations.

Officials are continuing to implement these recommendations. A further update on the on the status of implementation of the recommendations will form part of Ireland’s 2024 Article IV Consultation later this year, and is expected to be published following the conclusion of that consultation.

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