Billy Kelleher (Cork North Central, Fianna Fail)
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Question 128: To ask the Minister for Finance his plans to publish legislation to establish a strategic State investment bank, as outlined in the programme for Government; if he raised this issue in discussions with the International Monetary Fund delegation recently; and if he will make a statement on the matter. [7400/11]

Michael Noonan (Limerick City, Fine Gael)
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The programme for Government contains a clear commitment to creating a Strategic Investment Bank that will become a provider of finance to large capital projects, a conduit for venture capital and a lender to SMEs. As I indicated in a reply to PQ No. 26 on 23 March, the Government will only be in a position to decide on the timing and the structure for setting up the Strategic Investment Bank when the necessary detailed assessment and planning work has been done. Therefore it would be premature to discuss this with the IMF at this stage. For the same reasons the Government Legislation Programme for the summer session which was published on 5 April does not contain legislation in relation to the Strategic Investment Bank.