The International Monetary Fund predicts that Ireland will become the richest country in Europe in the next four years, with a GDP per capita PPP of around €168,000 compared to Luxembourg’s €154,000.

The Taoiseach said he anticipated that the current IMF managing director would seek a second term.

The Minister for Finance said tax receipts may fall as the OECD global tax deal takes effect

It follows a report from Bloomberg that Minister Paschal Donohoe was in the early stages of exploring a bid for the job

The current term of IMF managing director Kristalina Georgieva ends in September 2024