Mick Wallace The #US and #EU are increasingly using #sanctions as a weapon against countries that don't bow to their financial i… https://t.co/qMbVI1XYfc
Mick Wallace How bad that the #EU of the so called 'European Values' has supported this Terrorism against the people of #Syriahttps://t.co/wRXMSubfYi
Mick Wallace Western Colonialism never really stopped, it just got a make over - It's now called 'Financial Imperialism'. Are we… https://t.co/KoMpQ69bBw
Mick Wallace RT @wallacemick: Would mean something for Irish people and the notion of 'Irish Neutrality' if Irish Minister for Foreign Affairs @simoncov
To ask the Minister for Finance when the appropriate legislative changes to the investment policy of the National Pensions Reserve Fund will be introduced in order to allow the strategic investment fund to channel commercial investment from the NPRF towards productive investment in the economy here; and if he will make a statement on the matter. - Mick Wallace. For ORAL answer on Wednesday, 22nd February, 2012.   REPLY The Strategic Investment Fund (SIF), whose establishment was announced by the Government in September 2011, will channel commercial investment from the National Pensions Reserve Fund (NPRF) towards productive investment in areas of strategic significance to the future of the Irish economy. As well as money from the NPRF, the SIF will seek matching commercial investment from private investors. It will comprise a series of sub-funds targeted at commercial investment in critical areas, including infrastructure, venture capital and provision of long-term capital for SMEs. The NPRF will take a lead role in the development and implementation of each sub-fund.   The involvement of the NPRF in the SIF is expected to require the amendment of the investment policy of the NPRF, which is set out in the National Pensions Reserve Fund Act 2000. Officials of my Department are liaising with the National Treasury Management Agency, as the Manager of the NPRF, in identifying and drafting the necessary amendments to the legislation and I expect to bring forward proposals for amending legislation as soon as possible once that work is completed.

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Namaleaks is a project that seeks to uncover possible injustice and poor practice related to NAMA (National Asset Management Agency) and financial institutions in Ireland.


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