Seanad debates

Thursday, 29 September 2022

Bretton Woods Agreements (Amendment) Bill 2022: Second Stage

 

10:30 am

Photo of Ossian SmythOssian Smyth (Dún Laoghaire, Green Party) | Oireachtas source

I thank the Leas-Chathaoirleach and join him in welcoming the secondary school students. They have picked probably the worst time to come to the House because this is probably the most complex legislation I have had to bring in. It is a law that allows rich countries to lend money to poor countries that are in trouble and also allows us to forgive the debts of Sudan and Somalia, which got into a position whereby they would never have been able to pay them back. It was decided among 100 countries that this was the right thing to do. I will now go into the details of the Bill.

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