Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Professor Patrick Honohan:

I don't have any visibility myself on the OECD relationship - they come and talk to me or to senior staff. But maybe they send a draft along but we don't pay that much attention to trying to influence it or that. Years ago, the OECD reports had the reputation of being negotiated, you've had evidence that it's a tough negotiation, but the IMF is not a pushover in this area. We've had lots of reports from the IMF in the last three years, I think 12 or 15 reports, they welcome clarifications of fact to a draft but they will not be pushed around on their policy recommendations. So I would make ... I would definitely-----

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