Written answers
Wednesday, 14 February 2024
Department of Finance
Fiscal Data
Matt Carthy (Cavan-Monaghan, Sinn Fein)
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107. To ask the Minister for Finance further to Parliamentary Question No. 89 of 1 February 2024, if he believes it would send a signal to the international market forces, in line with Irish Government policy and priorities, were he to instruct the Ireland Strategic Investment Fund to divest from companies which they are aware derive profit from activities in the illegal Israeli settlements; and if he will make a statement on the matter. [6899/24]
Michael McGrath (Cork South Central, Fianna Fail)
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On foot of the Dáil approving a 9-month timed amendment to Dáil second stage of the Deputy’s own party Private Members Illegal Israeli Settlements Bill last May, that stage of the legislative process is expected to expire on 17 February next. Under current Oireachtas Standing Orders the timing of the next steps in dealing with the Bill are a matter for the Oireachtas. Of course, I am happy to engage with those next steps as soon as they arise.
As regards the Deputy’s particular query this seems to be a speculative question the response to which is difficult to determine with any certainty. It is not clear as to the reaction of, or indeed signal that would be sent to any international financial market entity or entities if ISIF divested along the lines proposed in the Deputy’s question.
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