Mr. Kevin Meaney:

We chaired a PPP review group in 2018 and it was brought together again in 2021. This was looking firstly at whether the policy was still sensible and operational - it had been changed post the IMF review - and then looking at some of the practical applications. The NDFA would be the lead guide for all the sectors on that. Some tweaks were introduced but, by and large, the general view is that both the policy and the practice is working and the sectors are happy with the quality of the assets they are getting from the process.