Irish NPRF Faces Trouble

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. In February 2009, the Irish SWF financed a €7 billion bank recapitalization program for Irish banks. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]



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