The Minister of Finance, Mr. Michael Noonan TD, welcomed the publication today (10th September 2012) by the IMF of it 2012 Article IV Review. This Review sets out the detail of the issues which were previously presented in the Concluding Statement of the IMF Article IV Mission, published on 18th July.
07.09.12Minister for Finance announces the appointment of members to the Credit Union Restructuring Board (ReBo)
The Minister for Finance, Mr Michael Noonan TD, has appointed members to the Credit Union Restructuring Board (ReBo) with effect from 31 August 2012.
As recommended in the Report of the Commission on Credit Unions published on 18 April 2012, the ReBo is being established on a time-bound basis to facilitate and support the restructuring of Credit Unions.
“The NTMA’s return to the bond market today is a very welcome and positive development. This auction marks the first time the NTMA has raised long term funds in the markets since September 2010.
Publication of the Betting (Amendment) Bill 2012
The Minister for Finance, Mr Michael Noonan T.D., has today (19th of July) published the Betting (Amendment) Bill 2012.
The Minister for Finance, Mr. Michael Noonan T.D. has today (18th July 2012) published the Fiscal Responsibility Bill 2012. This Bill sets out the legislation required to implement the key provisions of Article 3 and Article 4 of the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union (“the Stability Treaty”).
Ireland has successfully concluded the seventh review of the Programme of Assistance with the EU Commission, the ECB and the IMF. In line with each of the previous six quarterly reviews, Ireland has continued to achieve all of the targets set under our programme.
“This morning’s successful auction of 3 months treasury bills by the NTMA was a very important milestone on Ireland’s continuing path to recovery. The yield on the bonds at 1.80% was very competitive to its peer Group, market commentators were agreed that any level lower than 2% would be considered a good result, and demand was strong amongst Investors with a bid to cover of 2.8 times.
05.07.12The Minister for Finance, Mr. Michael Noonan, TD, publishes independent report on the demand for credit by Small and Medium Enterprises (SMEs)
The Minister for Finance, Mr. Michael Noonan T.D. has today (5th of July 2012) published the SME Lending Demand Survey. This independent report was carried out by specialist firm Ipsos MRBI in conjunction with Mazars and covers the period October 2011 to March 2012 and is available on the Department of Finance website www.finance.gov.ie.
The following statement on the end-June 2012 Exchequer Returns was issued today (Tuesday, 3rd July 2012) by the Minister for Finance, Mr. Michael Noonan, T.D. and the Minister for Public Expenditure and Reform, Mr. Brendan Howlin, T.D.
Commenting on the end-June Returns, Minister Noonan and Minister Howlin stated:
Statement by Department of Finance