Seanad debates

Thursday, 20 July 2017

Asian Infrastructure Investment Bank Bill 2017: Committee and Remaining Stages

 

10:30 am

Photo of Gerry HorkanGerry Horkan (Fianna Fail) | Oireachtas source

We had a very good Second Stage debate on Tuesday about this matter and a very detailed Committee Stage analysis in the Committee on Finance, Public Expenditure and Reform, and Taoiseach when the Minister of State himself was a member of it, along with Senator O'Donnell and me as Vice Chairman. We have looked into this and it is a good idea to be involved in it. It is estimated that our shareholding will be only 0.14% of the entire bank, which is not a huge exposure. I think it amounts to €5 million a year over five years. I welcome our involvement and Members' support for it and wish the bank and our investment in it well in the future.

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