In March, ministers decided to ask the Troika to come-up with a paper that would focus on the “best possible option” for both countries.
Now Reuters has reported that the Troika document will propose extending the maximum average maturities on the bailout loans by seven years.
As this weekend’s meeting is informal, no decisions will be taken.
However, Minister for Finance Michael Noonan will be able to gauge what support there is for the measure and if further concessions can be secured.
Fianna Fáil has welcomed indications that the maturity of the country’s debt burden could be extended.
The party’s finance spokesman, Michael McGrath, said it would be a significant step that would ensure Ireland would be in a position to exit the Troika programme next year.
He said though the challenge would be to remain out of another bailout and urged the Government to use any headroom provided, should it exceed its deficit target, to stimulate demand in the economy.