Irish debt agency to procure custodian
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”.