Pearse Doherty (Donegal South West, Sinn Fein)
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288. To ask the Minister for Finance the position in respect of the approval of the Ireland Strategic Investment Fund investment strategy; and if he will make a statement on the matter. [12028/15]

Michael Noonan (Limerick City, Fine Gael)
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The National Treasury Management Agency (NTMA) Amendment Act 2014 established the Ireland Strategic Investment Fund. Pursuant to the Act, the NTMA shall determine, monitor and keep under review an investment strategy for the assets of the Fund in accordance with the policy of the Fund. The Act provides that in determining and reviewing the investment strategy, the NTMA shall consult with both the Minister for Finance and the Minister for Public Expenditure and Reform and have regard to any views expressed by them.

The relevant provisions of the Act establishing the ISIF were commenced on 22 December 2014. The ISIF investment strategy will be approved by the NTMA Board once the current consultations with both Ministers have concluded.