IMF mission to help Ireland solve debt challenge

08:30, November 19, 2010      

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The International Monetary Fund (IMF) has sent a mission to debt-hit European country Ireland and plans to begin work Friday morning, according to an IMF spokeswoman on Thursday.

The IMF mission chief Ajai Chopra had already arrived in Dublin, Ireland's capital and the rest of the team -- likely to number 10 to 12, including banking experts -- was on its way, spokeswoman Caroline Atkinson said at a press briefing.

She said that the IMF has not received a request for financial support.

It is reported that Ireland edged toward taking a bailout loan Thursday from the European Union to bolster its debt-crippled banks.

It will be the second euro country that received international rescue. Greece had already received the EU and IMF's bailout plan earlier this year.

Analysts say sovereign debt crisis in Europe remains a key challenge to the global economy. Many economists predict that Portugal may be the next country in the 16-nation eurozone to need assistance.

Source: Xinhua

(Editor:李牧(实习))

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