Saturday September 19, 2020

Ireland emerges as the fourth-largest creditor of the US

Ireland's holdings are bigger than the size of the economy

17th May, 2016
Fed chair Janet Yellen and US Treasury Secretary Jacob Lew Pic: Getty

Ireland has emerged as America’s fourth-largest creditor following China, Japan and the Cayman Islands after the US government revised the way it reports the figures.

Investors in the Ireland owned $264.3 billion (€233.5 billion) of Treasuries at the end of March, based on official data issued on Monday. China is the largest holder with a $1.24 trillion stake. Japan is next with $1.14 trillion, followed by the Cayman Islands with $265 billion.

“It’s all just foreign banks,...

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