The International Financial Institutions Division is responsible for the development and implementation of policy for Ireland’s relationship with a number of major International Financial Institutions – International Monetary Fund, World Bank Group, European Investment Bank, Asian Development Bank, Asian Infrastructure Investment Bank, European Bank for Reconstruction and Development, the Council of Europe Development Bank and the Green Climate Fund.
The Division aims to ensure recognition of Ireland’s interests and to achieve optimal outcomes for Ireland’s policy objectives through:
- supporting the Minister for Finance, in his role as Ireland’s shareholder, as well as other Government ministers in their interactions with each institution;
- facilitating official high-level visits to Ireland by individual institutions;
- providing relationship management on an ongoing basis with each institution to ensure effective oversight of Ireland’s shareholding in and the governance, policy, strategy and programme performance of each institution;
- working with Ireland’s diplomatic network to support Ireland’s international financial diplomacy and to articulate key policy messages on Ireland’s fiscal, economic and financial situation to global policy actors and decision makers;
- working with Irish Aid to ensure that Ireland’s development priorities are reflected in the work of each institution, including through Ireland’s contributions to the concessional funding arms of the World Bank (International Developmental Assistance) and the Asian Development Bank (Asian Development Fund);
- working with other Government Departments and Agencies to ensure Ireland’s policy priorities are appropriately reflected in the work of each institution;
- providing overall management of the Ireland’s investment relationships with the European Investment Bank and the Council of European Development Bank; and
- working with Ireland’s enterprise agencies to promote business opportunities for Irish firms at each international financial institution.
Ireland’s representation in the International Financial Institutions
The Minister for Finance is the Governor for Ireland for each International Financial Institution, with the exception of the Council of Europe Development Bank for which Ireland is represented on the Board of Governors of that institution by its Permanent Representative to the Council of Europe.
The Governor of the Central Bank, Philip Lane is the Alternate Governor for Ireland at the IMF.
Ireland is represented at a number of these institutions by resident constituency offices. Representatives placed in these offices on a secondment basis work closely with the Department of Finance and other Departments and Agencies to pursue Ireland’s interests. Ireland’s representatives at each institution are set out below.
|IMF||Ms Anne Marie Mc Kiernan||Alternate Executive Director|
|Mr Niall Feerick||Advisor|
|World Bank Group||Mr Aidan Carrigan||Senior Advisor|
|Mr Alex Lalor||Advisor|
|European Investment Bank||Mr Des Carville||Director|
|Council of Europe Bank||Mr Des O’Leary||Member of Administrative Council|
|European Bank for Reconstruction and Development||Mr Patrick Walsh||Director|
|Asian Development Bank||Mr Alan Gibbons||Advisor to be appointed in 2017|
Sustainable Development Goals
The International Financial Institutions section is the coordinator within the Department of Finance for the Sustainable Development Goals (SDGs).
The SDGs are a set of 17 Goals, agreed by 193 countries in 2015, which commit to eradicate poverty, tackle climate change and environmental challenges, and build a more peaceful, fair and sustainable world.
Under Ireland’s SDG National Implementation Plan, each Minister has responsibility for overseeing progress toward goals in their work area. Any queries on the SDGs which relate to the mandate of the Department of Finance can be addressed to SDGS@finance.gov.ie.
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