May 30, 2024
Finance

Finance ministers to meet at Stormont over all-island economy


Finance Minister Michael McGrath will meet with his Stormont counterpart Caoimhe Archibald in Belfast on Tuesday.

Mr McGrath will also visit a number of projects in the city supported by the Government’s Reconciliation Fund.

Northern Ireland Assembly talks
Sinn Féin’s Caoimhe Archibald has recently been appointed Stormont’s Finance Minister (Liam McBurney/PA)

He said: “I look forward to engaging with Minister Archibald following her appointment as Minister for Finance in the restored Northern Ireland Executive.

“This meeting provides an excellent opportunity to discuss our shared economic interests, the all-island economy and the shared opportunities and challenges we face.

 

“Recent years have brought great uncertainty and challenge in both political and economic terms, but we now have an opportunity – with the Executive restored and greater certainty around key issues such as post-Brexit trade – to maximise the potential of the economic relationships on this island.

“There has always been the potential to further develop cross-border trade and recent years have shown what can be achieved – at the start of this decade total trade in goods and services amounted to under five billion euro, while in 2022 this rose to €11.6 billion, involving a 15 per cent increase over 2021.”

Mr McGrath added: “Peace and prosperity remain at the core of our work, and while the focus of my meeting will be on our work for shared prosperity – including in the context of the Shared Island Initiative – I will also take time to visit some projects supported by the Government’s Reconciliation Fund devoted to ongoing reconciliation and community work.”



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