Seanad debates
Tuesday, 17 December 2002
National Development Finance Agency Bill, 2002: Second Stage.
Is it correct to establish an agency which will action as an adviser and as an executor of finance deals? This is one of the key problems with the legislation. Surely there would be an in-built tendency to recommend financial deals in which the agency plays an important role. Are we not effectively giving the agency a monopoly in the area of financing projects and allowing it to block the entry of private finance providers who might offer more competitive deals?
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