Bilateral loan to Ireland
The Loans to Ireland Act allowed for a bilateral loan of £3.2 billion to be paid to Ireland as part of a €67.5 billion international assistance package.
The Loans to Ireland Act was granted Royal Assent on 21 December 2010, and provided Parliamentary authorisation for a bilateral loan of £3.2 billion to be lent to Ireland. The government expects the loan to be repaid in full.