Oireachtas Joint and Select Committees
Wednesday, 29 November 2023
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
Finance (State Guarantees, International Financial Institution Funds and Miscellaneous Provisions) Bill 2023: Committee Stage
Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source
In a worst-case scenario, therefore, the State, through this legislation, would be on the hook for €35 million to the European Investment Bank, €10 million for the European Bank for Reconstruction and Development and €10 million through the Council of Europe Development Bank, amounting to €55 million. On top of that, we would be on the hook for, potentially, nearly €77 million under the 2022 MFA for Ukraine and, potentially, just over €63 million for the MFA from 2023 onwards in terms of interest rates. The potential exposure, therefore, would be about €195 million. Is that correct?
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