Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We do not have the Minister, Deputy Donohoe, in attendance. I am surprised that he has missed the entirety of the passage of this Bill. Will he speak on Committee Stage? Do we expect him to appear today?

Section 2 deals with the circumstances for the application of section 8, that is, a European Investment Bank, EIB, guarantee fund being formally established when states representing at least 60% of EIB capital have made appropriate commitments. Section 8 will not apply until that occasion. Can the Minister of State inform us when it is likely that this mechanism will be triggered when states representing 60% of EIB capital will have made appropriate commitments? What commitment will be required of Ireland - this State - in that regard? How will it be realised? I ask the Minister of State to provide some clarification on that point and I will come back on the section itself.

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