IMF agrees 22.5bn euro Irish loan

16 December 2010
Last updated at 15:32 ET

The International Monetary Fund (IMF) has approved a three-year loan of 22.5bn euros ($30.1bn; £14.4bn) for the Republic of Ireland.

The funds form the first part of the IMF’s contribution to the EU and IMF rescue package totalling 85bn euros being received by the Irish Republic.

About 5.8bn euros of the IMF funds will be immediately available for Dublin.

Irish MPs voted to accept the EU-IMF

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