Oireachtas Joint and Select Committees

Wednesday, 30 March 2022

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Bretton Woods Agreements (Amendment) Bill 2022: Committee Stage

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

If the IMF makes individual calls, they might be for a fraction of that €2.4 billion. Each time we respond to that call, there will be a Government guarantee relating to the specific call. The ultimate umbrella is €2.4 billion, all of which will be covered by a Government guarantee if sufficient calls are made over an extended period requesting the €2.4 billion. It is envisaged that there might be calls for smaller amounts, perhaps eventually up to that cap.

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