Oireachtas Joint and Select Committees
Thursday, 21 July 2016
Public Accounts Committee
2014 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 24 - Accounts of the National Treasury Management Agency
National Treasury Management Agency Financial Statements 2015
9:00 am
Noel Rock (Dublin North West, Fine Gael) | Oireachtas source
Yes, absolutely. A 50:50 component, or how it is currently constituted, would seem to be a potential missed opportunity in so far as the NTMA could have the European Investment Bank, EIB, matching to the level of 10% or 20% perhaps and us taking 75% and 90%. It has often been posited to me that ISIF would perhaps be the first investment fund in the world to run out of ideas before it ran out of money, which perhaps is testament to Mr. O'Kelly's work and how well he is doing it. It seems there is a potential missed opportunity to reap the benefits of what so far seem to be quite wise investments.
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