IMF tells Ireland to set out its medium term cost-cutting plans

The International Monetary Fund told Ireland to map out its medium-term austerity plans when it announces its budget for next year in three months time, something the government has so far been reluctant to do.

The Washington-based body, one of a trio of lenders overseeing Dublin’s 85 billion euro (US$107 billion) bailout, made the call when it cleared the way for the next disbursement of funds to Dublin, praising Irish authorities for their “strong ownership” of the rescue program.

via Business feed http://www.scmp.com/business/economy/article/1030540/imf-tells-ireland-set-out-its-medium-term-cost-cutting-plans