The Government and representatives of the EU and IMF are to present the results of the first review of Ireland's financial assistance programme later this morning.
It is expected to incorporate some changes, reflecting the Programme for Government commitments, such as reversing the cut to the minimum wage.
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Minister for Finance Michael Noonan and Minister for Public Expenditure and Reform Brendan Howlin will present the outline of what has been agreed with the EU, the ECB and the IMF.
A revised memorandum of understanding, setting out the details is not expected today, as it must be cleared in Washington, Brussels and Frankfurt.
Among the changes expected is a reversal of the cut in the minimum wage, with compensation to employers in the form of a halving of PRSI rates for employees on the minimum wage.
It is also expected that the lenders will agree to the Government's jobs package aimed at stimulating growth and increasing employment, as long as it has no negative impact on the Budget.
Later, the three lending agencies will hold a news conference in which they are expected to praise Ireland for implementing the agreement to date, especially on the bank recapitalisation.
However, they will emphasise that there is still a lot of work to be done over the three-year programme period.
Taoiseach Enda Kenny has said that the action being taken by the Government is needed to restore confidence, which he said would be the fuel to drive the country out of its current difficulty.
He said that there have been signs internationally in the last nine days that show confidence is returning, which he said that was as a result of the Government's actions.
Unions to resist changes to wage agreements
SIPTU President Jack O'Connor has warned that any move by the Government to abolish employment regulation orders or agreements will be vigorously resisted.
The Government has signalled it wants to make changes to sectoral pay agreements that cover at least 300,000 workers.
Speaking on RTÉ's Morning Ireland, Mr O'Connor said that cutting the wages of the lowest paid would contribute absolutely nothing to the prospects for economic recovery.
He said Fianna Fáil leader Michael Martin should clarify whether his party in government had agreed with the EU/IMF to abolish sectoral pay agreements.
Speaking on the same programme, CPSU General Secretary Blair Horan said he remains confident that the Croke Park Agreement will deliver savings in the publc service.
Elsewhere, credit rating agency Moody's has downgraded Ireland's bond ratings by two points this morning, saying the outlook for the country remains negative.
Moody's last downgraded its rating for Ireland in December, when it was cut by five points.
