The Treasury Management Agency and the Public Debt (IGCP) and the Financial Stabilization Fund of Social Security (FEFSS) are the two public entities responsible for operations in offshore revealed by Express at the end April.
the information was released Friday by the Ministry of Finance, after the TSF have advanced the news in the morning, and clarifies that the IGCP had used € 133 million in debt CP issued through the island of Jersey and has since been paid in July last year. This amount, gathered up 171,000 euros from FEFSS relating to an investment in Hikma Pharmaceutical shares, based in Jordan, which were issued and regulated by the London Stock Exchange.
These clarifications come after Express , on 26 April, has come forward with the information that the state – and public authorities – had invested 148 million euros in tax havens blacklist of Finance at the end of June last year . The figures, taken from the database Coordinated Portfolio Investment Survey (CPIS) of the International Monetary Fund (IMF, reported the existence of applications of 131 million euros in Jersey and 17 million euros in Jordan.
At the time , the ministry of Finance did not clarify the operations and the Secretary of State for Treasury and Finance even said in Parliament not yet have any information on these applications. the IMF’s base data are provided by the Bank of Portugal.
the statement now released by the Finance confirms this data – even with a slight difference in application Jersey, possibly due to currency conversions – and clarify that in the case of Jordan, it has been a Bank reporting error Portugal the IMF and are only 171,000 euros, one hundredth of the declared value. “the Bank of Portugal has undertaken to ensure the correctness of this record concerning the position on June 30, 2015 with the International Monetary Fund under the CPIS” , reads the statement.
the ministry of Mario Centeno also said that “is studying the mechanisms necessary to ensure that there are public entities with investments in qualified areas as ‘tax havens’ without prior knowledge and member of the Government’s authority responsible for finance. “
He added that” will analyze the relevance of financing operations by public authorities by resident financial vehicles qualified territories as ‘tax havens’ having to be its implementation subject to the authorization of that representative. “
the information on the offshore status is not related to the documents of Panama papers.
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