Overseas Loans: Republic of Ireland

Treasury written question – answered on 24th September 2020.

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Photo of Gregory Campbell Gregory Campbell Shadow DUP Spokesperson (International Development), Shadow DUP Spokesperson (Cabinet Office)

To ask the Chancellor of the Exchequer, whether the Republic of Ireland will conclude repaying its loan under the Loans to Ireland Act 2010 by March 2021.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

The total outstanding principal of the bilateral loan to Ireland stands at £806,740,000 as of 24 September 2020. Ireland is scheduled to pay the final tranche of the loan when it matures in March 2021. The Government continues to expect the loan to be repaid in full and on time.

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