The European Commission has completed the sixth review of the EU-IMF supported financial assistance programme for Ireland.
It has authorised the disbursement of €2.3 billion to the country.
An additional €0.5 billion is also expected to be disbursed from bilateral EU donors.
A statement from the Commission said this brings total EU funding given to Ireland so far to €34.9 billion since the launch of the programme in 2010.
This includes €32.8 billion from the EFSM/EFSF and €2.1 billion from bilateral EU donors. It represents 82% of the total amount committed by the EFSF/EFSM to Ireland.
The European Commission also today published a ''staff working paper'' which assesses the implementation of the bailout programme as well as prospects and risks for the Irish economy.
The Commission paper once again highlighted the ''strong track record'' of policy implementation that Ireland has achieved under the programme.
It predicted that the deficit for 2012 is projected to be within the programme ceiling, while it noted that significant progress has been achieved in repairing the country's banking system.
But it also pointed to the challenges that Ireland continues to face. These include a deficit that remains large, the high and increasingly long-term unemployment rate, and the increasing level of mortgage arrears.
It said this is in addition to the country's vulnerability to a further deterioration of confidence and growth outlook in its main trading partners, in particular in the euro area.
The joint review by the European Commission, the European Central Bank and the International Monetary Fund took place in Dublin between April 17 and 26.
