Oireachtas Joint and Select Committees

Wednesday, 2 December 2020

4:30 pm

Mr. Seamus McCarthy:

It is a very old scheme. It was running from 1971 until the middle of the 1990s. Effectively, it was guaranteeing credit. There were claims paid out under the guarantee and then there was a process of reclaiming those. I believe it was supporting beef exports in the mid-1990s.