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Council of Europe Development Bank.

Dáil Éireann Debate, Thursday - 28 October 2004

Thursday, 28 October 2004

Questions (210)

David Stanton

Question:

210 Mr. Stanton asked the Minister for Finance the relationship which the State has had with the Council of Europe Development Bank including monetary transactions; his further plans in this regard; and if he will make a statement on the matter. [26682/04]

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Written answers

Ireland is not yet a member of the Council of Europe Development Bank, CEB. Although the bank was founded in 1956, Ireland did not join at that stage. However, negotiations for membership have taken place and the Council of Europe Development Bank Bill 2004, currently at Second Stage in Dáil Éireann, will allow Ireland to join the bank. The terms and conditions of our membership and participation in the operations of the bank were set out in the Second Stage speech of the Minister of State, Deputy Treacy, taken on my behalf, on 21 October 2004. Up to now, the Irish Government has not had a financial relationship with the Council of Europe Development Bank, but the CEB may well have had a relationship with Irish based financial institutions.

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