Irish NPRF Faces Trouble

Posted on 11/24/2010

Established on April 2001, the Ireland’s National Pensions Reserve Fund (NPRF) originally could not withdraw funds prior to 2025, as it was set up as a reserve fund for social entitlements. However, during the financial crisis, the wealth fund became involved in politics and bailed out a number of Irish banks that needed to recapitalize. […]