IMF sets up Irish office to oversee bailout
The International Monetary Fund has, for the first time, appointed a resident representative in Dublin to oversee its programme of support to Ireland.
The European Commission, one of the IMF’s partners in the troika that funded Ireland’s bailout, has also assigned an official to Dublin.
The IMF representative, Peter Breuer, is based in the Central Bank’s office on Dame Street, but is not on the staff of the bank or the Department of Finance.
The EU representative, Nigel Nagarajan, is working out of the commission’s office in Dublin.
While IMF officials, most notably Ajai Chopra, have become familiar figures in Dublin since Ireland’s bailout by the IMF, EU and European Central Bank troika late last year, up to now the organisations have operated exclusively by sending in staff on short-term visits.
Minister for Finance Michael Noonan insisted there was nothing unusual about the appointment of resident representatives, which were a “normal feature” of support programmes.
Source and full story: The Irish Times, 8 October 2011