As BBC NI political editor, Mark Devenport, indicates on his blog, the New York City comptroller, William Thompson, has indicated that he has some expectations of projects selected by the Emerald Fund – “I think that they understand that we are still committed to the MacBride Principles and I think that they’ll make that clear to anybody they’re going to do business with.” Presumably those 9 principles will also apply to projects in the Republic of Ireland and in the US.. Meanwhile, in the Irish News, Newton Emerson points out that the Fund’s target area, infrastructure, “are all public or public-private utilities so American investors must be paid back through higher bills and fares.” And, in an Irish Echo editorial, Sinn Féin’s Gerry Adams tells
us potential US investors
Sinn Féin is determined to ensure that those who are living in the most deprived and divided areas of the North do not end up getting the least out of increased prosperity and peace. That is why for example new guidelines for public procurement policy are being prepared to ensure that socially beneficial outcomes are delivered for communities.
Public procurement would, of course, be a policy area of the Minister of Finance and Personnel..