Oireachtas Joint and Select Committees

Thursday, 3 December 2015

Public Accounts Committee

2014 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2014
Chapter 2 - Government Debt
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2014
Finance Accounts 2014

10:00 am

Ms Ann Nolan:

We do quite a lot of trade with Asia, although I accept what the Deputy says about Africa. We are having some initial discussions with the African Development Bank. There has been no decision about whether we would join but we are examining what it does and what would be the advantages in terms of our overseas development aid, ODA, and trade with Africa. We do significant trade with various parts of Asia and are a part of the Asian Development Bank and make occasional contributions to that. The Government is also considering the question of the development bank being set up by China but we will not be a founding member of that.