Business Irish

Thursday 23 November 2017

Noonan and IDA chiefs on US charm offensive to attract jobs

Michael Noonan
Michael Noonan
Colm Kelpie

Colm Kelpie

FINANCE Minister Michael Noonan will travel to New York next week along with senior executives from both the IDA and the National Treasury Management Agency (NTMA) on a charm offensive to attract investors.

The minister (pictured) will be meeting senior executives from IDA companies as well as NTMA clients and investors.

The five-day trip will also involve the minister giving a keynote speech at the annual Children's Medical & Research Foundation US gala fundraiser and speak at a Villanova University Pennsylvania Alumni event.

Mr Noonan said the trip was designed to capitalise on the "significant interest" from investors and multinational companies toward Ireland.

"Over the course of the week I will be meeting with a number of IDA and NTMA clients and encouraging them to convert their interest into investment and jobs in Ireland," he said.

The minister will also be travelling to the meeting of eurozone finance ministers on Brussels on Monday, at which the framework for Europe's bailout pot, the European Stability Mechanism (ESM), is expected to be discussed.

Ireland is hoping to tap the ESM fund to help recover some of the cost of bailing out the banks, but this has faced stiff political opposition from a number of quarters, notably from Germany.

The progress of bailed-out countries Greece and Portugal will also be discussed.

Ireland's Permanent Representative to the European Union, Declan Kelleher, will deputise for Mr Noonan at a meeting of all Europe's finance ministers on Tuesday.

Irish Independent

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