Dáil Éireann Debate, Thursday - 4 July 2013
114. Deputy Andrew Doyle asked the Minister for Finance if he will outline each international organisation, international agency or international body that Ireland is a member of that his Department or a State body or agency under the aegis of his Department is responsible for or co-responsible for; and if he will make a statement on the matter. [32810/13]
View answerIn response to the Deputy’s question the list of international organisations of which Ireland is a member and which come under the remit of my Department is as follows:
The International Monetary Fund (IMF)
The World Bank Group which consists of following five institutions:
The International Bank for Reconstruction and Development (IBRD) which lends to governments of middle income and creditworthy low-income countries.
The International Development Association (IDA) which provides interest-free loans - called credits - and grants to governments of the poorest countries.
The International Finance Corporation (IFC) which focuses on the private sector and assists developing countries achieve sustainable growth by financing investment, mobilising capital in international financial markets, and providing advisory services to businesses and governments.
The Multilateral Investment Guarantee Agency (MIGA) which offers political risk insurance (guarantees) to investors and lenders to promote foreign direct investment into developing countries to support economic growth, reduce poverty and improve people's lives.
The International Centre for Settlement of Investment Disputes (ICSID) which provides international facilities for conciliation and arbitration of investment disputes.
The Asian Development Bank (ADB).
The Council of Europe Development Bank (CEB).
The European Investment Bank (EIB).
The Organisation for Economic Cooperation and Development (OECD)
The European Bank for Reconstruction and Development (EBRD)
The European Stability Mechanism (ESM)
The European Financial Stability Facility (EFSF)
Bruegel, the Brussels-based economics think-tank
Details in respect of bodies which come under the aegis of my Department are as follows:
The Office of the Comptroller and Auditor General
The Office of the Comptroller and Auditor General participates in consultations on the setting of global audit standards for State auditors through its membership of European and worldwide associations of national audit institutions. These bodies also serve as a means of sharing information about trends in public sector management and their implications for public audit, and for developing practical audit responses to common or cross-border issues, including the international financial crisis, environmental risks, and development aid. The bodies are as follows:
The International Organisation of Supreme Audit Institutions (INTOSAI)
The European Organisation of Supreme Audit Institutions (EUROSAI)
The EU Contact Committee
The National Treasury Management Agency
The National Treasury Management Agency is a member of the following organisation:
International Capital Market Association (ICMA)
The National Pensions Reserve Fund
The National Pensions Reserve Fund is a member of following organisations:
Principles for Responsible Investment (PRI)
European Private Equity and Venture Capital Association (EVCA)
The Central Bank of Ireland
The Central Bank is Ireland’s National Central Bank and financial supervisor. It is a member of the European System of Central Banks. In addition, the Central Bank of Ireland is involved with and participates in a wide number of international organisations including the IMF, the Bank of International Settlements, the Economic and Financial Committee and the European Supervisory Authorities - the EBA, EIOPA, ESMA and with the ESRB.
