Some €4.5 billion ($6.4 billion) will be made available to Ireland following the completion of the first review of a bailout program supported by the European Union and International Monetary Fund. The next review for the €85 billion program is slated for July.

    “This program is a lifeline for Ireland,” Ajai Chopra, the IMF’s head of mission for Ireland, was quoted by Reuters as saying. “This crisis will not be over till we see jobs coming back.”

    About the author

    • Ma. Rizza Leonzon

      As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.