国际英语新闻:IMF approves 2.11 bln USD new funding to Ireland

WASHINGTON, Sept. 2 (Xinhua) -- The International Monetary Fund (IMF) announced Friday that it has completed the third review of Ireland's economic performance that enables the immediate disbursement of an amount equivalent to 1.32 billion IMF special drawing right (SDR), or about 2.11 billion U.S. dollars, to the nation.

This is the latest effort of the global financial support for the debt-mired country under a 123 billion-dollar bailout program set in December 2010.

"The Irish authorities have maintained resolute implementation of their economic program. The economy is showing signs of stabilization and financial market conditions have also recently improved," the Washington-based IMF said in a statement.

However, the global lender cautioned that the economy faces a weakening in trading partner growth, while timely implementation of the program remains essential to support the ongoing recovery, limit contagion risks and rebuild market confidence.