Oireachtas Joint and Select Committees

Wednesday, 5 July 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion (Resumed)

Mr. Pat Leahy:

Yes. There is a balance to be struck to between the extent of how much money it can invest usefully in the economy. As the Deputy knows, it has the double-line mandate. It invests in Ireland. It has to make profitable commercial investments as well. I think that would have to be maintained in any future structure, should the Ireland Strategic Investment Fund be there.

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