Written answers

Thursday, 2 July 2009

Department of Enterprise, Trade and Employment

Export Credit Insurance

Photo of David StantonDavid Stanton (Cork East, Fine Gael)
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Question 42: To ask the Tánaiste and Minister for Enterprise, Trade and Employment further to Parliamentary Question No. 66 of 9 June 2009, when she expects the due diligence report on the credit insurance market here to be completed; when she expects to make a final decision on a State supported export credit insurance scheme; and if she will make a statement on the matter. [26963/09]

Photo of Billy KelleherBilly Kelleher (Cork North Central, Fianna Fail)
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The initial phase of the accelerated tendering process, whereby expressions of interest were invited, has been finalised. Completed tenders from the short- listed candidates, for the provision of the forensic examination of the credit insurance market, are due within the next week. These tenders will then be evaluated and it is hoped to award a contract shortly thereafter. It is intended that the analysis should be completed by September next. At that stage, informed by this study, the Government will consider all the issues involved before making a decision on whether or not to progress the possible introduction of a State-backed top-up export credit insurance scheme.

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