Bretton Woods Agreements (Amendment) Bill 2022
Public bill · Government · Presented
Ireland would join and help finance the IMF’s New Arrangements to Borrow, allowing the Central Bank to lend to the IMF if needed, with the Minister for Finance guaranteeing repayment if the IMF ever failed to pay back. It would also let the Government make limited grant payments to IMF trust funds that provide debt relief and support for poorer countries hit by disasters, while raising the caps on Ireland’s contributions to the Poverty Reduction and Growth Trust and updating old laws to match current IMF names and arrangements. It matters because it strengthens Ireland’s role in supporting the international financial system and humanitarian debt relief.
Formal long title
Bill entitled an Act to provide for Ireland’s participation in the Decision adopted by the Executive Board of the International Monetary Fund on New Arrangements to Borrow (NAB) whereby the State undertakes to provide resources to the International Monetary Fund by means of credit arrangements; to provide for guarantees by the Minister for Finance to the Central Bank of Ireland on any moneys advanced by it arising from a call by the International Monetary Fund under the NAB Decision; to provide for payments by the Minister for Finance out of the Central Fund to certain trust funds; to provide that the Minister for Finance may make a payment out of the Central Fund to the Central Bank of Ireland in respect of certain transactions; to amend the Bretton Woods Agreements Act 1957 in relation to the Catastrophe Containment and Relief Trust; to amend the Bretton Woods Agreements (Amendment) Act 1999 in relation to the Poverty Reduction and Growth Trust; to provide for certain other consequential amendments; and to provide for related matters.
Last updated 11 September 2024
- Minister for Finance Primary
- First StageDáil
- Second StageDáil
- Committee StageDáil
- Report StageDáil
- Fifth StageDáil
- Second StageSeanad
- Committee StageSeanad
- Report StageSeanad
- Fifth StageSeanad Enacted
- EnactedEnacted
- Bretton Woods Agreements (Amendment) Bill 2022: Report and Final Stages Seanad
- Bretton Woods Agreements (Amendment) Bill 2022: Committee Stage Seanad
- Bretton Woods Agreements (Amendment) Bill 2022: Second Stage Seanad
- Bretton Woods Agreements (Amendment) Bill 2022: Report and Final Stages Dáil
- Bretton Woods Agreements (Amendment) Bill 2022: Committee Stage Select Committee on Finance, Public Expenditure and Reform, and Taoiseach
- Bretton Woods Agreements (Amendment) Bill 2022: Second Stage (Resumed) Dáil
- Bretton Woods Agreements (Amendment) Bill 2022: Referral to Select Committee Dáil
- Bretton Woods Agreements (Amendment) Bill 2022: Second Stage Dáil