IFS2020 is the government’s strategy for the further development of the International Financial Services Sector in Ireland.
It is a five year whole-of-government strategy with substantial input from the private sector. The strategy covers the years 2015-2019.
In addition, Minister D’Arcy has established a Strategic Advisory Group (SAG) to assist with the development of a new Strategy for international financial services to succeed IFS2020.
The strategy’s vision is for Ireland to be the global location of choice for international financial services. The strategy was launched in March 2015.
The IFS2020 target is to grow the level of direct employment in the IFS sector from 35,000 at year-end 2014 to at least 45,000 people by year-end 2019, requiring the creation of a net total of 10,000 new jobs.
The Minister of State for Financial Services and Insurance at the Department of Finance, Michael D’Arcy TD, is responsible for the implementation of the strategy.
The strategy is being implemented by means of annual action plans These action plans contain a list of measures that are to be actioned in that particular year and specify which organisation is to lead on each measure.
Read more about the IFS2020 implementation structures.
The measures are listed under the following five strategic priorities:
Further information on IFS2020 can be found below: