Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context

245. To ask the Minister for Finance the amount of the future Ireland fund and the infrastructure, climate and nature fund that are invested in debt instruments of other countries such as bonds; the share of each fund invested in this manner; to provide a list of all countries; and if he will make a statement on the matter. [33413/25]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context

In accordance with the Future Ireland Fund and Infrastructure, Climate and Nature Fund Act 2024, interim investment strategies have been adopted for both the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. These strategies restrict investments to the following permitted assets:

Permitted Assets

Euro denominated assets, limited to:

(i) Sovereign debt, limited to debt issued or guaranteed by a central government in the Euro-Area

(ii) Quasi-sovereign debt limited to:

• Debt issued by a region, province, state or city

• Debt issued by an international government organisation

• Debt issued by a government agency, or supranational

(iii) Cash

Assets must have a credit rating of A- (or equivalent) or higher, and a maximum maturity of 3 years.

The detailed schedule of investments held by each Fund, as at 31 December 2024, will be published in the next NTMA Annual Report.