Environment Minister Ohil Hogan says the government is exploring how to ensure that services provided by MFG are delivered in an alternative manner.
The company, which suddenly ceased operating last night, has been administering a number of EU and government programmes.
In a statement tonight, the Department of the Environment say........
"The Minister for Environment, Community and Local Government, Phil Hogan, has been informed of the decision of the Board of Meitheal Forbartha na Gaeltachta Teoranta (MFG) to cease trading with effect from today.
It is understood that, following their analysis of their financial situation, the Board of MFG concluded that they had no other option other than to cease trading. Department officials, in conjunction with Pobal, are working to ensure a co-ordinated approach is taken to the outstanding technical issues in relation to finalising funding and payments.
The Department is anxious to define ways to ensure that Gaeltacht residents do not lose services and will explore alternative methods for the delivery of these services as a matter of urgency."