|
Edward Scicluna
Edward Scicluna (born October 12, 1946 in Rabat, Malta) is a Maltese economist and politician. Scicluna assumed the position of Governor of the Central Bank of Malta as from 1st January 2021 for a five-year term. Biography Education and private life Scicluna holds a Diploma in social studies from the Plater College, Oxford (1972) and degrees in economics from the University of Malta (BA, 1975) and the University of Toronto (MA, 1976, and PhD, 1982). Between 1981 and 1990 he was professor and head of the Department of Economics at the University of Malta where he still holds a lectureship post. Scicluna is married with two children. Professional career Scicluna has held a number of posts in the public and private sector. He served as Chairman of the Malta Council of Economic and Social Development (MCESD) (1999–2003) and of the Malta Financial Services Authority (MFSA) (1997–99), an Electoral Commissioner (1987–93), a Director of the Central Bank of Malta (1996–200 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Central Bank Of Malta
The Central Bank of Malta ( mt, Bank Ċentrali ta’ Malta) is the central bank of the Republic of Malta. It was established on 17 April 1968. In May 2004, when Malta joined the European Union, it became an integral part of the European System of Central Banks. It was responsible for, amongst other things, issuing Maltese lira banknotes and coins, before Malta adopted the euro in 2008 and the bank became part of the Eurosystem. The Central Bank of Malta Act was originally published by means of Act XXXI of 1967. It has been amended a number of times, most recently by Acts I and IV of 2007 in order to provide for the bank's membership within the Eurosystem. The Central Bank of Malta is located in an early 20th-century building. Completed in 1924 as the Vernon Institute, or Vernon Club. The bank occupied the building since 1967, but made arrangement for the lease of the premises in 1968, with a contract lasting almost hundred years. The interior was eventually demolished in 196 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Council Of Europe
The Council of Europe (CoE; french: Conseil de l'Europe, ) is an international organisation founded in the wake of World War II to uphold European Convention on Human Rights, human rights, democracy and the Law in Europe, rule of law in Europe. Founded in 1949, it has 46 member states, with a population of approximately 675 million; it operates with an annual budget of approximately 500 million euros. The organisation is distinct from the European Union (EU), although it is sometimes confused with it, partly because the EU has adopted the original Flag of Europe, European flag, created for the Council of Europe in 1955, as well as the Anthem of Europe, European anthem. No country has ever joined the EU without first belonging to the Council of Europe. The Council of Europe is an official United Nations General Assembly observers, United Nations Observer. Being an international organization, the Council of Europe cannot make laws, but it does have the ability to push for the enf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2013 Maltese General Election
General elections were held in Malta on 9 March 2013 to elect all members of the House of Representatives. The Labour Party, led by Joseph Muscat, defeated the governing Nationalist Party, which had been in power since 1998, returning Labour to power after 15 years in opposition. The Nationalists suffered a 6% swing away from them in the popular vote, reaching a 51-year low of 43%. Labour achieved 55%, a 58-year high and a nine-seat majority in parliament, with Joseph Muscat becoming prime minister. Background In the previous elections in 2008, Lawrence Gonzi's Nationalist Party was re-elected for a third term in government, this time with a narrow one-seat majority in parliament. On 10 December 2012 Lawrence Gonzi's government was defeated in a vote on the 2013 Financial Estimates when ruling party MP Franco Debono voted against the government's budget proposal in protest over transportation reform in giving a German operator the contract to manage the national bus service. F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Association Of Southeast Asian Nations
ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, military, educational, and sociocultural integration between its members and countries in the Asia-Pacific. The union has a total area of and an estimated total population of about 668million. ASEAN's primary objective was to accelerate economic growth and through that social progress and cultural development. A secondary objective was to promote regional peace and stability based on the rule of law and the principles of the UN Charter. With some of the fastest growing economies in the world, ASEAN has broadened its objective beyond the economic and social spheres. In 2003, ASEAN moved along the path similar to the European Union (EU) by agreeing to establish an ASEAN community that consists of three pillars: the ASEAN Security Community, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Parliament Committee On The Environment, Public Health And Food Safety
The Committee on the Environment, Public Health and Food Safety (ENVI) is a committee of the European Parliament. It has 81 full members and is currently chaired by Pascal Canfin. Evolution During the 1990s its relatively low importance led to its being referred to unfavourably by MEPs as the "Cinderella committee". However, since then the committee's powers have increased. The co-decision procedure for legislation, which grants greater powers to the Parliament, has been extended to more policy areas. Notably, the areas covered by this committee were the main recipients of these new powers. The rising importance of the issues it deals with (for example, global warming) has also meant that it has become one of the most important committees in Parliament. The committee's open sessions, as well as constituting a major forum within the Parliament, are usually well attended by both business lobbyists and representatives from environmental NGOs. Responsibilities The committee is respo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ACP–EU Joint Parliamentary Assembly
The ACP–EU Joint Parliamentary Assembly was created to bring together the elected representatives of the European Union (the Members of the European Parliament) and the elected representatives of the African, Caribbean and Pacific states ("ACP countries") that have signed the Cotonou Agreement. Since the entry into force of the Treaty on European Union and EU enlargement it has acquired a more prominent role. A substantial part of the work of the JPA is directed towards promoting human rights and democracy and the common values of humanity, and this has produced joint commitments undertaken within the framework of the UN conferences. The Cotonou agreement The following articles of the Cotonou Agreement relate to the Joint Parliamentary Assembly. Article 14: The joint institutions The institutions of this Agreement are the Council of Ministers, the Committee of Ambassadors and the Joint Parliamentary Assembly. Article 17: The Joint Parliamentary Assembly 1. The Joint ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Committee On Economic And Monetary Affairs
The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament which is responsible for the regulation of financial services, the free movement of capital and payments, taxation and competition policies, oversight of the European Central Bank, and the international financial system. Since the establishment of the Economic and Monetary Union (EMU), one of the most important function of this committee has been the oversight of the European Central Bank (ECB) through the "monetary dialogue". Although guaranteed independence under the Treaty, the ECB is accountable for its actions towards the European Parliament, and more precisely the ECON Committee. Every three months, the President of the ECB, or occasionally another member of the ECB's executive board, appears before the Committee to report on monetary policy and answer question from MEPs. These proceedings, usually called the "monetary dialogue", are webstreamed and a transcript is made available ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2009 European Parliament Election In Malta
The 2009 European Parliament election in Malta was the election of the delegation from Malta to the European Parliament in 2009. The elections were held on 6 June on the same day as the 2009 Maltese local council elections. Candidates Alternattiva Demokratika – AD (Democratic Alternative) *Arnold Cassola * Yvonne Ebejer Arqueros Alleanza Liberali – ALDM (Liberal Alliance) * John Zammit Alpha Partit Demokratiku Liberali – APDL (Alpha Liberal Democratic Party) * Emmy Bezzina Azzjoni Nazzjonali – AN (National Action (Malta)) * Josie Muscat * Malcolm Seychell * John Spiteri Imperium Europa – IE (European Empire) *Norman Lowell *Reuben Attard K.U.L. Ewropa (KULE) * Cecil Herbie Jones Libertas Malta (LM) * Mary Gauci Partit tal-Ajkla – PA (Eagle's Party) * Nazzareno Bonnici Partit Laburista (Malta Labour Party) – PL * Claudette Abela Baldacchino * John Attard Montalto *Glenn Bedingfield * Steve Borg * Maria Camilleri *Joseph Cuschieri * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." Formed in 1944, started on 27 December 1945, at the Bretton Woods Conference primarily by the ideas of Harry Dexter White and John Maynard Keynes, it came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. It now plays a central role in the management of balance of payments difficulties and international financial crises. Countries contribute funds to a pool through a quota system from which countries experiencing balance of payments problems can borrow money. , the fund had XDR 477 billion (a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian Infrastructure Investment Bank
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank that aims to improve economic and social outcomes in Asia. The bank currently has 105 members, including 14 prospective members from around the world. The breakdown of the 105 members by continents are as follows: 42 in Asia, 26 in Europe, 20 in Africa, 8 in Oceania, 8 in South America, and 1 in North America. The bank started operation after the agreement entered into force on 25 December 2015, after ratifications were received from 10 member states holding a total number of 50% of the initial subscriptions of the Authorized Capital Stock. The United Nations has addressed the launch of AIIB as having potential for "scaling up financing for sustainable development" and to improve the global economic governance. The starting capital of the bank was US Dollar, US$100 billion, equivalent to of the capital of the Asian Development Bank and about half that of the World Bank. The bank was pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Stability Mechanism
The European Stability Mechanism (ESM) is an intergovernmental organization located in Luxembourg City, which operates under public international law for all eurozone member states having ratified a special ESM intergovernmental treaty. It was established on 27 September 2012 as a permanent firewall for the eurozone, to safeguard and provide instant access to financial assistance programmes for member states of the eurozone in financial difficulty, with a maximum lending capacity of €500 billion. It has replaced two earlier temporary EU funding programmes: the European Financial Stability Facility (EFSF) and the European Financial Stabilisation Mechanism (EFSM). Overview The Treaty Establishing the European Stability Mechanism stipulated that the organization would be established if member states representing 90% of its capital requirements ratified the founding treaty. This threshold was surpassed with Germany's completion of the ratification process on 27 September 2012, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Rating Agencies
A credit rating agency (CRA, also called a ratings service) is a company that assigns credit ratings, which rate a debtor's ability to pay back debt by making timely principal and interest payments and the likelihood of default. An agency may rate the creditworthiness of issuers of debt obligations, of debt instruments, and in some cases, of the servicers of the underlying debt, but not of individual consumers. Other forms of a rating agency include environmental, social and corporate governance (ESG) rating agencies and the Chinese Social Credit System. The debt instruments rated by CRAs include government bonds, corporate bonds, CDs, municipal bonds, preferred stock, and collateralized securities, such as mortgage-backed securities and collateralized debt obligations. The issuers of the obligations or securities may be companies, special purpose entities, state or local governments, non-profit organizations, or sovereign nations. A credit rating facilitates the trading of se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
