International Monetary Fund approved a loan of 22.5 billion euros for Ireland to help the country overcome a crisis of the domestic banking system, informs AFP. Approximately 5.8 billion euros have already been transferred to Ireland, said a representative of the Fund.
The loan from the IMF is an essential part of the financing package of 85 billion ready by Ireland and the European Union in order to make the challenges brought by economic crisis.
Irish Parliament Wednesday approved the loan, with 81 votes for and 75 votes against. Ireland was hit by a drop in tax revenue amid the crisis, which correlated with rescue several banks in the country has a very delicate situation financially.