Unit Information

National Treasury Management Agency


- still active

In Feb 2010, NTMA took over from Dept of Finance responsibility for its shareholdings in credit instituions supported by State as a result of banking inquiry, and related functions dealing with restructuirng of banking sector to avoid any perception of political interference. The NTMA was restructured under the National Treasury Management Agency (Amendment) Act 2014, granting the NTMA new functions relating to State bodies and assets and proposals for investment (whereby NTMA operates under the title ‘New Economy and Recovery Authority (or “NewERA”)’, and transferring functions of the National Development Finance Agency to NTMA. The Act also provided for the dissolution of the National Pensions Reserve Fund (to be replaced by the Irish Strategic Investment Fund).