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Asian Infrastructure Investment Bank Bill 2017

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Snippet Contents:

I know the Ceann Comhairle is independent now but in his previous incarnation, we were good friends. I hope that we will stay friends and, in that vein, I will not keep the Ceann Comhairle here too long tonight.
We are discussing the Asian Infrastructure Investment Bank Bill 2017. One could nearly make a mistake, given what Fine Gael did yesterday, through the Minister for Finance, Deputy Noonan, despite the request of the Dáil, in selling off shares. We could drop one of the letters and it would be AIB that we are talking about. We should talk some more about that because this House voted not to sell off shares in AIB. We further voted that the proceeds of any sale should not to be given back to the gods in Europe but be used for badly-needed infrastructure in this country. Instead, we are pursuing some sort of pipe dream.
Founded in January 2016, the AIIB is a multinational financial institution founded to bring countries together to finance energy, transport and other infrastructure projects in Asia. The bank started operations with 57 member countries and $100 billion in capital.