WASHINGTON (Reuters) - The International Monetary Fund said Ireland was on track with the conditions of its bailout program, and disbursed the European country's next chunk of aid on Monday.
The IMF, one of a trio of lenders overseeing Dublin's 85 billion euro ($113 billion) bailout, said Ireland's economy grew modestly in 2012 for the second year in a row and employment during the first quarter of this year was up 1 percent from the same period a year ago.
The IMF's board approved the tenth disbursal of about $1.27 billion, bringing to $27.79 billion the total funds that Ireland has received from the IMF so far. The country must meet conditions attached to the loan to get each subsequent disbursement.
(Reporting By Charles Abbott; Editing by Carol Bishopric)
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