Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
5:40 pm
Mr. Frank Daly:
It is €2 billion available over the next four years in Ireland for capital investment. Some €2 billion is also available for vendor finance, which is a potential injection of €4 billion into the Irish economy, on top of the €1.6 billion we have approved. The Deputy mentioned three items at the end - bank lending, the socioeconomic dimension and the economic dimension. That is a major factor in the economic dimension. There is not a restriction. We are not short of funds for that. We do not have to borrow. There is a borrowing capacity in the National Asset Management Agency Act but we do not need to use it.
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