Brian Hayes (Dublin South West, Fine Gael)

To return to what that Young Fine Gael member in UCD said, she has a point when she said that much of the IMF agenda is the structural reform agenda that this country must take ownership of and change if we are to develop a better economy for all of us. I also agree with the Senator Reilly about the developing economies; that is why it is important that we keep development aid strong. It is in all our interests that we have strong development aid support programme for developing countries in order that we can develop those economies to help our economy and the world economy. We need to recreate our economies on a constant basis. I agree with her that there is a need for the State to continue to do that.

I thank the Senators for their positive remarks. This is a technical Bill, but the reforms that have been agreed and that will, I hope, be introduced before the October IMF meeting represent important and significant progress in terms of this international organisation and this country's relationship with it.