Dáil debates

Thursday, 13 February 2025

Ceisteanna Eile - Other Questions

Ireland Strategic Investment Fund

3:00 am

Photo of Pa DalyPa Daly (Kerry, Sinn Fein) | Oireachtas source

It seems that some of the direct investments that were mentioned, which are controlled by ISIF, are not pooled investments. They are in banks such as Bank Leumi-le Israel BM, which is one of the largest banks in Israel. For decades, this bank has facilitated the expansion of illegal settlements. It granted a loan for a construction project in the Palestinian village of Azzun and bankrolled five illegal settlements. I note from the programme for Government that the Government has committed to progressing the Control of Economic Activity (Occupied Territories) Bill but what is progressing is kicking the can further down the road. This is what it seems like to many people. The Government seems to be dragging its feet and watering down its commitment.

It seems to me it is not being strong enough. It is not shouting "Stop" and saying that we will not invest in anything that has any risk of further displacing or killing people, including the weakest and most vulnerable civilians. The ceasefire in Gaza is in danger because Israel has violated it several times. We need to be stronger, to shout that we will not tolerate this anymore and completely divest from anything that is displacing people.

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