The National Treasury Management Agency (NTMA; Irish: Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta, GBCN) is the agency that manages the assets and liabilities of the Government of Ireland. It was established on 1 December 1990 to borrow for the Central Fund and manage the national debt. Since then it has been expanded greatly, for example it now manages the National Pensions Reserve Fund and acts as Ireland's agent for the purchase of carbon credits. Following the RTÉ secret payment scandal, the Government of Ireland agreed to add RTÉ to the list of commercial State sector companies subject to the formal oversight of the National Treasury Management Agency (NTMA)’s NewEra unit.[1]
| Irish: Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta | |
 | |
| State Agency of the Department of Finance overview | |
|---|---|
| Formed | 1 December 1990 |
| Jurisdiction | Ireland |
| Headquarters | Treasury Dock, North Wall Quay, Dublin 1, D01 A9T8 |
| State Agency of the Department of Finance executive |
|
| Website | NTMA website |
The National Asset Management Agency was established in December 2009 under the aegis of the agency to handle the Irish financial crisis and the deflation of the Irish property bubble.
Ireland Strategic Investment Fund
editThe NTMA also handles[2] the €8.1 billion Ireland Strategic Investment Fund (ISIF; Irish: An Ciste Infheistíochta Straitéisí d’Éirinn, GBCN),[3] a sovereign wealth fund established on 22 December 2014.[4]
Formed using the remaining assets of the National Pensions Reserve Fund, ISIF has a statutory mandate to invest in a fashion designed to support Ireland's employment and economic activity.[5]: 25
See also
edit- Economic and Social Research Institute
- Irish Fiscal Advisory Council
- Department of Finance (Ireland)
- Modified gross national income (Irish replacement for GDP/GNP)
References
edit- ^ "Government to bring RTÉ under NTMA's NewEra unit". Irish Times. Retrieved 5 July 2023.
- ^ "Ireland Strategic Investment Fund". National Treasury Management Agency. Retrieved 31 January 2017.
- ^ "Home". Ireland Strategic Investment Fund. Retrieved 31 January 2017.
- ^ "NPRF - Home Page". Retrieved 31 January 2017.
- ^ Liu, Zongyuan Zoe (2023). Sovereign Funds: How the Communist Party of China Finances its Global Ambitions. The Belknap Press of Harvard University Press. ISBN 9780674271913.
External links
edit
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