Ireland to pull investment from six Israeli companies operating in illegal settlements

Occupied Palestinian Territory.The sovereign investment fund is managed by the National Treasury Management Agency and holds investments worth around €15 billion - €5.2 billion of which is invested in its ‘Global Portfolio’.In a statement this morning, Finance Minister Michael McGrath said he had been informed of the decision to divest from certain companies operating in the Occupied Territories.

“While recognising the independence of ISIF in the management of the investment portfolio, I believe this is the correct investment decision in respect of the assets it manages on behalf of the State,” he said.Meanwhile, the Labour leader Ivana Bacik said the divestment should be “just the beginning”.

“Labour has been steadfast in its call for Government to cease investment and trade in the Occupied Territories altogether,” she said.“The case for an immediate ceasefire in Gaza becomes even more compelling each day, as the death toll mounts. We are bearing witness to awful devastation, unleashed by the Israeli Government upon this civilian population trapped in a small, besieged enclave.

“We welcome any efforts by Government to recognise the State of Palestine and urge them to prioritise diplomatic solutions to end the conflict.”Bank Hapoalim BM

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