Wednesday, 8 May 2019

Questions (106)

Mattie McGrath

Question:

106. Deputy Mattie McGrath asked the Minister for Finance the contributions Ireland has made to projects supported by the European Bank for Reconstruction and Development in each of the years 2011 to 2018 and to date in 2019; and if he will make a statement on the matter. [19090/19]

View answer

Written answers (Question to Finance)

Ireland is a shareholder at the Bank and currently has a Director who attends the Bank’s Board meetings. Ireland’s paid-in shareholding at the Bank is €18.78 million with €71.26 million callable capital for a total subscribed capital of €90.04 million which approximates 0.3% of total EBRD shares.

However, the Irish Government does not directly co-finance or contribute directly to the individual projects supported by the EBRD.

Please find a link to the EBRD website outlining Ireland’s cooperation with the EBRD - www.ebrd.com/who-we-are/structure-and-management/shareholders/ireland.html.