Details of ACC and ICC exchange cover
Enright asks whether additional assistance is available to borrowers facing higher rates. O’Kennedy says the Government has provided £50 million in exchange cover for the ACC and ICC, with implementation details available from those organisations.
The Minister said that aids were available in regard to the ACC and the ICC as regards borrowing and so on. Would he outline what additional aid or assistance is available for people who borrow since the increases in bank interest rates? Has there been additional aid or assistance for these people who are borrowing?
Comment on this
Yes, and the details in each case are a matter for both those organisations. Up to 50 million exchange cover has been provided by the Government for both of these organisations.
How it is applied in each case is a matter for them and the Deputy can get the details from them. I can furnish him with some of them, but it is a matter of considerable detail.
