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
The question in terms of the substantial financial assistance being provided to Ukraine in the form of loans in the main relates to assessment. Has the Department done any assessment with regard to the risk? There is a risk. There is an assessment of the risk being done by the European Commission. The risk is huge compared with other third-party countries where there would be a normal provision of 9%. The European Commission is saying we have to make a provision of 70% because of the appalling circumstance in which Ukraine finds itself. Has the Department done any assessment with regard to the risk here and, therefore, the likely exposure of the Exchequer in relation to the-----
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