Comments on funding were misinterpreted - IMF

Monday 30 April 2012 10.35
Newspaper article had suggested that IMF could be alternative source of loans to Ireland
Newspaper article had suggested that IMF could be alternative source of loans to Ireland

The Government has said Ireland would not have access to any more bail-out funds from Europe if we vote No in the referendum on the EU Fiscal Treaty.

The International Monetary Fund said that a newspaper report yesterday contained "a misinterpretation of the remarks of a spokesman". 

The article had suggested the IMF could be an alternative source of loans to Ireland.

The IMF said in a statement that its current lending to support programmes in euro zone countries has been undertaken together with its Troika partners.

Finance Minister Michael Noonan said the EU rescue fund, the ESM, will be the only source of bail-out funds when the Irish rescue programme ends.