Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Like the discussion we had earlier, I simply do not understand why we seem to be taking aspects of the KfW model but not all of it. I forgot to thank the officials for the briefing which was very illuminating. If I understand the position of KfW properly, it provides products directly, but these products are also made available through other banks. It is possible for an SME to obtain a KfW product from other financial institutions. However, if an SME goes directly to KfW, there will be a different product from what it might obtain from the banks, given their narrower commercial focus or orientation. KfW has a different mandate and, therefore, different products. If we are modelling the corporation on KfW, why are we not doing what it is doing also? Perhaps the Minister might explain why we are doing a little of what KfW does but not all of it.

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