Dáil Éireann Debate, Wednesday - 13 May 2026
33. Deputy Cian O'Callaghan asked the Tánaiste and Minister for Finance to set out the proportion of the Future Ireland Fund invested in Ireland; the balance in the fund as at end-2025; and if he will make a statement on the matter. [35430/26]
Amharc ar fhreagra34. Deputy Cian O'Callaghan asked the Tánaiste and Minister for Finance to set out the proportion of the Infrastructure, Climate and Nature Fund invested in Ireland and the balance in the fund as at end-2025; and if he will make a statement on the matter. [35431/26]
Amharc ar fhreagraI propose to take Questions Nos. 33 and 34 together.
I am informed by the National Treasury Management Agency (NTMA) that the Future Ireland Fund (FIF) was valued at approximately €12.7 billion as of 31 December 2025, with the Infrastructure, Climate and Nature Fund (ICNF) valued at approximately €4.1 billion on the same date. Detailed holdings for either fund as at 31 December 2025 have not yet been published and will be included in the NTMA’s Annual Report which will be published in the coming months.
During 2024, the FIF and ICNF were invested in accordance with their respective interim investment strategies which restricted investments to the following permitted euro-denominated assets:
• Sovereign debt, limited to debt issued or guaranteed by a central government in the Euro-Area
• Quasi-sovereign debt limited to:
• Debt issued by a region, province, state or city.
• Debt issued by an international government organisation.
• Debt issued by a government agency, or supranational.
• Cash.
As at 31 December 2024, neither fund held Irish issued sovereign or quasi-sovereign debt. A detailed schedule of investments held by the FIF and ICNF as at 31 December 2024, is published in the NTMA’s 2024 Annual Report.
