Oireachtas Joint and Select Committees

Thursday, 12 July 2018

Public Accounts Committee

2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017

9:00 am

Mr. Conor O'Kelly:

Yes. The strategic investment fund was set up and given what we call a double-bottom-line mandate. So it has to invest to produce a commercial return and it must invest to achieve economic impact. It must meet both of those criteria. It can invest in Ireland only. It is expected to be largely a minority investor and look to attract in private capital into projects, particularly in areas where capital is not flowing freely.

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