The state's mammoth €6.8 billion plan to square the SME credit circle
The SME sector is finding bank lending in short supply, but the ISIF could help alleviate some of the burden, writes Philip Connolly.
When Eugene O'Callaghan addressed the assembled heavyweights of Irish finance last month, he repeated the rhetorical idiom of the need to become a ''hunter where once there had been a ''gatherer.
O'Callaghan, the director of the €6.8 billion fund which has emerged after the liquidation of a large proportion of National Pension Reserve Fund (NPRF), was using the metaphor to describe a fundamental shift in focus.
Effectively unveiling the €6.8 billion Ireland Strategic Investment Fund...
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