Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

I want to be helpful because Committee Stage is challenging given the Minister of State's unfamiliarity with the Bill and the officials not being as close to him as usual. I will ask a number of questions on the section and his officials could write a note for him. Sometimes it is beneficial to go into private session and allow officials to respond in order to speed up the process. I will leave that at the discretion of the Minister of State.

How will the guarantee fund interact with current lending schemes, such as the proposed guarantee scheme for which legislation is being drafted? Can the Minister of State spell out how a certain quantum of contribution to the fund would translate into extra financing through the credit guarantee scheme if, for example, EIB financing under the fund was exercised through portfolio risk sharing as provided for in appendix A of Schedule 2? What will the schedule of payments from the State to the Commission be under this fund? These are some questions I have in respect of the EIB guarantee fund.

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