Oireachtas Joint and Select Committees

Wednesday, 1 May 2024

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Future Ireland Fund and Infrastructure, Climate and Nature Fund Bill 2024: Committee Stage

5:30 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I do not want to be overly prescriptive in the review of an investment strategy, which is a considerable body of work. We want the National Treasury Management Agency, NTMA, to make decisions which it believes will maximise the financial return to the State from the investment it makes. I believe a review is appropriate but prescribing the precise period in legislation for when it would need to be reviewed is unnecessary. I will engage with the NTMA on that question.