Oireachtas Joint and Select Committees

Wednesday, 24 May 2023

Committee on Budgetary Oversight

Sovereign Wealth Funds: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

I thank the officials for the presentation and the work they are doing with ISIF and the NTMA. We are dealing with sovereign wealth funds and Mr. Ashmore has touched on two we currently have that ISIF manages. The officials will be aware my colleague, Deputy Brady, has brought forward legislation to direct ISIF to divest from companies that are on the UN list of those operating illegally in the occupied territories in Palestine. Do the officials have any comment on the progress of that legislation and ISIF's role in ensuring it is not investing in companies involved in that type of situation?