Thursday, March 3, 2011

IMF Rate on Ireland Loan to Fall as Quota Share at Fund Rises

The interest rate Ireland will pay
the International Monetary Fund as part of a 22.5 billion-euro
loan ($31.4 billion) will decline as a 2008 agreement boosting
its say at the institution and giving the nation greater access
to financing takes effect.
The average interest rate “at the peak level of access”
under the loan will be 3.04 percent on credit outstanding less
than three years, down from 3.17 percent, the IMF said in

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