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COVID-19: Britons, South Africa Must Provide a Negative PCR Test Result to Enter Ireland

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Failure to produce a negative test result could mean a fine of up to €2,500 (£2,261) and/or imprisonment for up to six months.

Visitors to Ireland will have to produce a negative COVID-19 test taken within the previous 72 hours, as the country’s government brings in a raft of tough new restrictions. Sky News has reports.

The International News Agency reports that, “requirement for a PCR test will initially apply to travellers from Great Britain and South Africa – who until Friday night are banned from entering Ireland. The new arrangements will begin on Saturday before being extended to all countries.”

However, even with a negative test result, visitors must still self-isolate for 14 days. Failure to produce the negative test result could mean a fine of up to €2,500 (£2,261) and/or imprisonment for up to six months.

Ireland has seen a surge in COVID-19 cases due to a loosening of restrictions in the run-up to Christmas and the arrival of the more contagious variant of the virus, which was first detected in the UK.

Of the positive cases that had arrived from Britain in December, 41.3% had been the new variant, said Prime Minister Micheal Martin.

The country is already in its top tier (Level 5) lockdown, but continuing record daily case numbers meant new restrictions had become an inevitability.

Besides the new travel requirements, the country’s schools will now remain shut for the remainder of January (except for final-year students), and non-essential construction projects, previously permitted, will have to shut.

Non-essential retailers will no longer be allowed provide a “click-and-collect” service, and will be restricted to delivery only.

Mr Martin said “we simply have to suppress this surge, and flatten the curve once again”, and warned of the “tremendous harm that can be done if we let our guard down in any way”. Today’s new measures will remain in place until at least 31 January

Meanwhile, there are suggestions bars and restaurants in Ireland are likely to remain shut until the end of March due to coronavirus restrictions.

When asked about those establishments, Deputy Prime Minister Leo Varadkar: “If I was running a business now, I would be thinking that it’s a probability that I’ll be closed until the end of March.”

Current public health measures are due to be reviewed at the end of January, but Mr Varadkar said the country was not going to be “out of the woods” by then.

Analysis: The difficulty with this kind of arrangement remains Northern Ireland

Critics call it a case of shutting the barn door after the horse has bolted, but finally visitors to Ireland will have to show they’ve been tested for COVID.

There had been calls for this measure as far back as the first wave, and opposition politicians have said it’s too little, too late.

From Saturday, visitors from Britain will have to provide a negative PCR test result, taken within the previous 72 hours.

Even then, a two-week isolation period beckons. But as always, the difficulty with this kind of arrangement remains Northern Ireland.

There is no requirement for a test to enter Northern Ireland from the rest of the UK.

As seen during the Brexit negotiations, the open border between North and South is sacred to the Dublin government, and it will not contemplate any form of checks there.

Theoretically, there is nothing to stop someone circumventing Ireland’s new rules by flying into Belfast and driving south.

When I asked Ireland’s prime minister about this challenge, he admitted “it is a problem”.

   

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The Missing Middle of Infrastructure Finance: Why Capital Still Fails to Become Infrastructure

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  By Chidi Nwafor  In October 2023, a Gulf sovereign wealth fund quietly closed a $2 billion allocation to global infrastructure, earmarked in part for emerging-market energy and transport assets. The announcement drew the usual applause: another sign, commentators said, that institutional capital was finally waking up to the infrastructure opportunity in the Global South. Eighteen months later, less than a tenth of that allocation had actually left the fund’s balance sheet. Not because the mandate had changed. Not because the fund had lost appetite. According to two people familiar with the portfolio, the constraint was simpler and more uncomfortable: there were not enough investable projects to put the money into. This is not a story about a reluctant investor. It is a story about capital that wants to move, cannot find enough places willing and able to receive it in a form it can underwrite, and quietly waits instead. Multiply that fund by the hundreds of pension schemes, sovereign wealth vehicles, commercial banks and infrastructure funds now carrying dedicated allocations for emerging-market infrastructure, and a pattern emerges that rarely makes it into a headline: the world is not short of capital for infrastructure. It has capital in historic abundance, sitting adjacent to a historic infrastructure gap, unable to cross the distance between the two. The Comfortable Explanation  The explanation on offer at every major infrastructure summit is a familiar one. Global infrastructure investment needs run into the tens of trillions of dollars over the coming decade; committed capital falls well short; therefore, the problem is one of insufficient funding, and the solution is more of it: more pledges, more blended-finance facilities, more climate funds, more multilateral capital increases. It is a comfortable explanation because it assigns responsibility clearly to governments who under-fund, institutions who under-commit, and it offers a clean remedy: raise more. It is also, on close inspection, not what the evidence shows. Pension funds globally hold trillions in assets under management with explicit infrastructure allocations that remain structurally underweight, not because trustees have rejected the asset class but because deal flow meeting their risk and governance thresholds has not materialised at the pace their mandates assume. Sovereign wealth funds report the same pattern. Commercial banks with dedicated project finance desks describe pipelines that look full at the term-sheet stage and thin dramatically by financial close. Development finance institutions, whose entire purpose is to absorb risk that commercial capital will not, routinely report that their binding constraint is not capital adequacy but the volume of bankable transactions their teams can originate and structure in a given year. None of this fits the scarcity narrative. All of it fits a different one. Availability Is Not Deployability  Capital availability and capital deployability are not the same condition, and the conflation of the two is doing real damage to how the world thinks about the infrastructure gap. Availability asks whether money exists somewhere with a mandate that could, in principle, be pointed at infrastructure. Deployability asks something much narrower and much harder: whether a specific project, at a specific moment, has been engineered, structured, documented and de-risked to the point where an investment committee can approve it without exception. The first condition is met, overwhelmingly, across nearly every category of capital that matters to infrastructure. The second is met by only a small fraction of the projects competing for it. The result is a market that looks, from the outside, like a financing gap, and functions, from the inside, like a conversion problem: an abundance of capital on one side, an abundance of infrastructure need on the other, and an underbuilt set of mechanisms in between capable of turning one into the other at any meaningful scale. Where the Conversion Breaks  The break does not happen at the ends of the process. It happens in the middle, in the unglamorous sequence of work that turns a plausible concept into an instrument a fiduciary can sign. A promising transmission project needs a feasibility study rigorous enough to survive institutional scrutiny rather than optimistic enough to attract early interest. It needs offtake arrangements that hold up under real counterparty and currency risk, not the counterparty risk assumed in a base case. It needs environmental and social documentation calibrated to the standards of the institutions being asked to fund it, not the standards of the jurisdiction hosting it. It needs a legal and commercial structure that allocates risk in ways a commercial lender, not only a development financier, will accept. It needs a sponsor capable of executing what has been proposed, not merely capable of proposing it. Each of these is ordinary project finance discipline. None of it is exotic, and in mature infrastructure markets it happens as a matter of course, absorbed into systems built over decades: specialist advisers, standard-form contracts, established procurement norms, deep pools of transaction expertise. What is missing in the markets where the infrastructure gap is largest is not the standard itself but the machinery that meets it. Projects arrive at investment committees with ambition intact and preparation incomplete, and that gap is treated, again and again, as an individual project’s failure rather than what it actually is: a structural absence in the systems responsible for producing investable transactions at scale. The Missing Middle  This is the Missing Middle of Infrastructure Finance: the institutional architecture that sits between capital that wants to move and infrastructure that needs building, and whose incompleteness explains far more of the global infrastructure gap than any shortfall in committed funds. It consists of project preparation facilities able to fund feasibility and structuring work before commercial viability has been proven. Transaction advisers capable of building deals that satisfy development mandates and commercial return thresholds at once, rather than treating the two as separate constituencies to be managed sequentially. Risk-sharing and guarantee instruments that convert political, regulatory and currency risk into something a commercial balance sheet can underwrite. Aggregation platforms that bundle smaller, individually sub-scale projects into portfolios large enough to justify institutional transaction costs. Standardised documentation that reduces the bespoke legal cost of every new deal. And coordination across ministries, regulators and financiers robust enough that a technically sound project does not die in bureaucratic sequencing after the money has already been found. None of these are new ideas in isolation. What is missing is their assembly into a coherent system, deliberately funded and institutionally accountable, rather than scattered across donor-funded pilots that end when the grant does. The African Dimension  Africa makes this dynamic unusually visible, and consequently offers an unusually clear opportunity to correct it. The continent’s infrastructure financing need, by any measure, is vast. Less understood is that the shortfall is disproportionately one of preparation rather than capital. Nigerian gas-to-power, off-grid solar and mini-grid developers have each demonstrated that individual projects can clear the bankability bar; what has not emerged is systemic pipeline scale, a steady stream of comparably prepared projects large enough to absorb the capital already circling the sector. The pattern repeats, with local variation, from grid infrastructure in East Africa to transport corridors in West Africa. Interested capital is rarely the scarce input. Investment-ready projects are. The Global Comparison  Mature markets solved this problem gradually and mostly invisibly, through decades of institution-building that predates the current infrastructure conversation: specialist project finance units inside banks, standardised PPP frameworks, established regulatory playbooks, deep benches of transaction lawyers and engineers who move between deals rather than between one-off assignments. Emerging and frontier markets are not being asked to meet a lower standard. They are being asked to meet the same standard without having built the same machinery, and then being told, when deals fail to close, that the problem is insufficient funding….
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