It is generally recognised that the IDA has been one of the most successful state agencies charged with attracting foreign direct investment (FDI) in the world. Less attention has been paid to the outstanding role played by the NTMA in managing Ireland’s national debt. The agency avoided any threat of a sovereign debt default in the 2009-2012 financial crisis and banking crash, thus giving Ireland a very high debt rating and low risk profile as far as creditors were ... Read more...