Ireland Finance Minister Donohoe Reveals Rainy Day Fund Targeting €8 Billion

Posted on 05/23/2018

On May 23, 2018, Ireland Finance Minister Paschal Donohoe revealed that Ireland is planning to create a new rainy day fund, setting aside approximately €8 billion in the medium-term to buffer the country from future economic shocks. The rainy day fund, also known as the contingency reserve fund, was detailed in a 2016 fiscal plan. […]

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