Oireachtas Joint and Select Committees
Wednesday, 1 May 2024
Joint Oireachtas Committee on European Union Affairs
UN Sustainable Development Goals: Discussion
10:00 am
Ms Bríd McGrath:
On returns, an analysis was done really recently by the ONE Campaign showing how this year alone the global south will send back €50 billion more than it receives in loans or grants just in debt repayments. Therefore, the money is still flowing in the wrong direction.
Education is a clear one. It is always the case that if there is a silver bullet to end poverty, education is famous for it, in particular educating women and girls.
I turn to what Ireland can do. Ireland can be a leader in climate finance, which is a really big area where the global south can move out or move ahead. Some €350 million of Irish overseas development assistance is channelled through the EU institutions. The Oireachtas needs a line of sight on that money, and we need to be clear where it is going and to what end. Ireland has a great history, as Mr. Donoghue will know better than I, of being a real leader in particular when it holds the Presidency. There are fewer Irish Presidencies than there were previously, but they are still important when you can write an agenda. Ireland is showing leadership on Gaza and that is something people understand. They understand disaster relief. They understand how we need to turn up at times of conflict and be brave. I ask the committee to encourage the Taoiseach and the Tánaiste and Minister for Foreign Affairs when they go to negotiate the wording of this strategic agenda, and I encourage Ireland to decide straight up that it will be a leader on this stage in relation to multilateralism and be the honest broker it has the history of being.