Jennifer Carroll MacNeill (Dún Laoghaire, Fine Gael) | Oireachtas source

Deputy Doherty has been finance spokesperson for many years, much longer than I have been involved in the Department of Finance or in this portfolio. He will therefore know a great deal better than I do the institutions such as the EIB, the EBRD and others, and that they have oversight personnel not just working throughout those institutions but on the ground where funds are going to make sure they are used appropriately and in the best way possible, insofar as they can be. The EU has structured these funds largely through those institutions precisely because they have the structure, governance, oversight, resources and experience over some time to try to avoid corruption. Deputy Doherty will already be familiar with that having worked in his portfolio for as long as he has. They are the oversights and mechanisms by which the EU, with the Irish State, is trying to oversee the distribution and allocation of these funds.