Ir­ish debt agency to pro­cure cus­to­dian

China Daily (Hong Kong) - - BUSINESS -

The Ir­ish govern­ment has ap­pointed the coun­try’s debt agency NTMA to pro­cure a cus­to­dian for the Ap­ple state aid fund. In a state­ment, Fi­nance Min­is­ter Paschal Dono­hoe said that given the NTMA’s ex­ist­ing func­tions and ex­per­tise, the agency has been ap­pointed to run the pro­cure­ment pro­cesses. In Ire­land, the NTMA is re­spon­si­ble for bor­row­ing on be­half of the govern­ment and man­ag­ing the na­tional debt. He said the govern­ment “is fully com­mit­ted to en­sur­ing that re­cov­ery of the Ap­ple state aid takes place with­out de­lay”, adding that the govern­ment “has com­mit­ted sig­nif­i­cant re­sources to en­sur­ing this is achieved, not­with­stand­ing the ap­peal lodged in 2016”.

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