Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion

Photo of Rose Conway-WalshRose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source

Hopefully, there will be no more votes. I want to follow up on the regional development aspect of the funding. How are the projects valuated? I know Mr. Ashmore said this is done commercially but what model does he use to evaluate them? I am asking particularly because we are in a situation with the region in transition and the lagging region where we get 60% EU funding for those really important projects. I want to know how the National Treasury Management Agency, NTMA, interacts with the European Regional Development Fund, ERDF, funding and how we are maximising those opportunities. When we evaluate things, do we evaluate them in the short, medium, or long term? Will Mr. Ashmore expand a bit on that?

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