Acting Managing Director of the International Monetary Fund John Lipsky has said Ireland's economic recovery programme ‘appears to be on track’.
However, the economy still requires what he described as 'forthright action by the Irish authorities to re-establish the basis for sustained growth.’
Mr Lipsky was speaking in London where he is heading an IMF team examining the British economy.
He said there were positive signs in the Irish economy, such as a return to export growth, but described Ireland's economic recovery as ‘a difficult challenge'.
