Eamon Quinn: McGrath bets on economic prosperity 

Eamon Quinn: McGrath bets on economic prosperity 

Flooding in Bantry following Storm Agnes last month. The Infrastructure, Climate and Nature Fund has been set up to meet the demands of spending under the National Development Plan, and to ensure that the huge amounts of spending that will be required to close Ireland’s infrastructure deficit will be at hand. Picture: Andy Gibson

Michael McGrath has set out plans for not one, but two distinct investment funds, marking something of a wager on long-term prosperity despite concerns over whether the State will continue to tap the huge tax revenues from the multinationals.

A similar confidence 20 years ago led to the State taking its first-ever step to set up a sovereign wealth fund, and the test of success of these latest proposals will only come when the government starts to draw down the funds to deliver on the enormous capital spending commitments in the years ahead.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

CLIMATE & SUSTAINABILITY HUB

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited