Written answers

Tuesday, 7 June 2011

Department of Finance

International Organisations

9:00 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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Question 33: To ask the Minister for Finance his plans to meet representatives of the OECD in view of its recent recommendations; and if he will make a statement on the matter. [13707/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Organisation for Economic Co-operation and Development produces forecasts twice yearly for Ireland and a number of other economies throughout the world. In addition, the OECD Economic Development and Review Committee carries out a review of each member country periodically. In that context the OECD focuses on structural issues of a more medium-term nature. The last such review of Ireland was published in November 2009. The OECD is currently conducting such a review of Ireland and upon its completion they will publish their report later this year. In the context of the 2011 review of the Irish economy, representatives from the organisation will visit Ireland later this month, having done so already in February. When the OECD secretariat visits member countries they generally meet a range of people from across the spectrum. As part of this month's visit - and as would be usual - I and some of my Cabinet colleagues will meet them to discuss, among other things, the prospects for Ireland's economy for both the short and medium term.

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