EFSF disburses €1 billion to Ireland

The European Financial Stability Facility (EFSF) disbursed today €1 billion to Ireland. The funds were transferred in cash and the loan has a maturity of 21 years (2034). 

With this disbursement, Ireland has now received from the EFSF €15.4 billion out of the total committed amount of €17.7 billion. This assistance programme is due to expire in December 2013.