The European Union and the International Monetary Fund will offer the Government an €85bn facility, which can be used to recapitalise the banks and fund the public finances.
The package would see the level of capital in the Irish banks being increased from eight to 12% in a move to bolster confidence of depositors in the financial system.
Last week the IMF and EU team began intensive meetings with the Central Bank to reshape the financial system for the future.
Their plan would boost levels of capital in banks, to cushion against future loan losses. It is a significant figure by international standards.
It is aimed at boosting confidence - particularly for depositors who are also covered by the EU back guarantee.
The money will come from an €85bn facility provided by the EU and IMF and the remainder will be used to run the country on a day-to-day basis perhaps over a two to three year period.
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€85bn fund for banks and public finances - RTÉ News
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