Dáil debates

Thursday, 15 December 2005

Development Banks Bill 2005: Second Stage.

 

12:00 pm

Tom Parlon (Laois-Offaly, Progressive Democrats)

She specifically referred to some FOI requests she submitted. Ireland is quite a small player in the international institutions. We will influence as best we can, but it would be unfair to hold us responsible for some decisions of the bodies which might not follow our suggestions. We have been very positive on the issue of debt cancellation. This has been accepted and we have contributed to this to the tune of €60 million this year.

Overall, this Bill will bring substantial improvements. Our involvement with the Asian Development Bank and its recent performance, in the context of the immediate response to the tsunami, is timely. It is important we are there in terms of developments and amendments in allowing decisions to be taken on a timely basis. I accept the support of the House for that. I know some former Deputies involved there have lobbied the House and the institutions, in particular for the inclusion of Mongolia. This is very positive. While Mongolia is a place about which I know little, I appreciate the investment of funds there will be important to its development.

With regard to the issues raised about governance, in terms of the Asian Development Bank it is the people who are involved and who pay the money that are on the committees and board of directors. Therefore, there is a strong bias in favour of the Asian contributors.

I am heartened by the commitment of all sides of the House to development issues. I acknowledge, despite the criticisms of our economy, that the affairs of the less well off countries of the world are something on which we are all agreed we should be more involved. I thank the Members for their comments.

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