Pa Daly (Kerry, Sinn Fein)
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51. To ask the Minister for Finance the measures he is taking to divest from Israeli war bonds; and if he will make a statement on the matter. [28217/25]

Pa Daly (Kerry, Sinn Fein)
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299. To ask the Minister for Finance the measures he is taking to ensure that Ireland has divested from all bonds linked to the ongoing genocide in Gaza; and if he will make a statement on the matter. [26454/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 51 and 299 together.

The Ireland Strategic Investment Fund (ISIF) holds a variety of Sovereign Bonds and details of all ISIF’s holdings as of 31 December 2023 are available in the most recent NTMA Annual Report.

ISIF’s holdings are classified by country (in line with industry standard) as per the Annual Report.

ISIF’s holdings of Israeli sovereign debt as per the 2023 Annual Report total €2.62 million as part of its global portfolio. The ISIF holds these bonds as part of a cost-efficient passive, global fixed income portfolio.

ISIF has, to date, completed several divestment programmes and excluded investments from the Fund. In this context ISIF operates an exclusion policy consistent with its statutory mandate, as amended from time to time and on sustainable investment grounds.

Exclusion is used on a limited basis, reflecting exclusions mandated by legislation including the Fossil Fuel Divestment Act 2018 and the Cluster Munitions and Anti-Personnel Mines Act 2008 and, inter alia, exclusions on sustainable investment grounds using ISIF’s Exclusion Decision Making Framework.