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Keit Pentus-Rosimannus
Keit Pentus-Rosimannus (born 3 March 1976) is an Estonian politician who served as Minister of Finance in the government of Prime Minister Kaja Kallas between 26 January 2021 and 19 October 2022. She is also the vice-chairwoman of the biggest parliament party Reform Party and former chairwoman of its parliamentary faction. Pentus-Rosimannus previously served as Minister of Foreign Affairs from 2014 to 2015 and as Minister of the Environment from 2011 to 2014. Early life and education Pentus-Rosimannus studied piano in Tallinn Musical High School and in Tallinn Baccalaureate Private School (today’s University Nord), which she graduated from in 1995 with honours. In 2000 Pentus-Rosimannus graduated from Tallinn Pedagogical University (today’s Tallinn University) majoring in public administration and European Union relations. Pentus continued her MA studies in political science in University of Tartu, but did not complete her degree. Political career Pentus-Rosimannus' firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (Estonia)
{{Politics of Estonia Minister of Finance ('' Estonian: Rahandusminister'') is the senior minister at the Ministry of Finance (''Rahandusministeerium'') in the Estonian Government. The Minister is one of the most important members of the Estonian government, with responsibility for coordinating the government's policies on national finances. The position was originally established in 1918. The Minister of Finance is chosen by the Prime Minister as a part of the government. The current Finance Minister is Mart Võrklaev. List of Ministers 1918–1940 (Ministers of Finance and Economy) *1918–1920 Juhan Kukk (Minister of Finance) *1920 Tõnis Vares (Minister of Finance) *1920–1921 Karl August Baars (Minister of Finance) *1921–1924 Georg Vestel (Minister of Finance) *1924 Karl August Baars (Minister of Finance) *1924 Otto Strandman (Minister of Finance) *1924–1927 Leo Sepp (Minister of Finance) *1927–1928 Anton Teetsov (Minister of Finance) *1928–1929 Aleksander O ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prime Minister Of Estonia
The Prime Minister of Estonia ( Estonian: ''peaminister'') is the head of government of the Republic of Estonia. The prime minister is nominated by the president after appropriate consultations with the parliamentary factions and confirmed by the parliament (''Riigikogu''). In case of disagreement, the Parliament can reject the president's nomination and choose their own candidate. In practice, since the prime minister must maintain the confidence of Parliament in order to remain in office, they are usually the leader of the senior partner in the governing coalition. The current prime minister is Kaja Kallas of the Reform Party. She took the office on 26 January 2021 following the resignation of Jüri Ratas. In their role as appointed by the president, the prime minister does not head any specific ministry. Rather, in accordance with the constitution, they supervise of the work of the government. The prime minister's significance and role in the government and their relation ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association (IDA), two of five international organizations owned by the World Bank Group. It was established along with the International Monetary Fund at the 1944 Bretton Woods Conference. After a slow start, its first loan was to France in 1947. In the 1970s, it focused on loans to developing world countries, shifting away from that mission in the 1980s. For the last 30 years, it has included NGOs and environmental groups in its loan portfolio. Its loan strategy is influenced by the Sustainable Development Goals as well as environmental and social safeguards. , the World Bank is run by a president and 25 executive directors, as well as 29 various vice ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Bank Group
The World Bank Group (WBG) is a family of five international organizations that make leveraged loans to developing countries. It is the largest and best-known development bank in the world and an observer at the United Nations Development Group. The bank is headquartered in Washington, D.C. in the United States. It provided around $98.83 billion in loans and assistance to "developing" and transition countries in the 2021 fiscal year. The bank's stated mission is to achieve the twin goals of ending extreme poverty and building shared prosperity.The World Bank, Press release: "World Bank Group Commitments Rise Sharply in FY14 Amid Organizational Change"July 1 2014, http://www.worldbank.org/en/news/press-release/2014/07/01/world-bank-group-commitments-rise-sharply-in-fy14-amid-organizational-change/ref> Total lending as of 2015 for the last 10 years through Development Policy Financing was approximately $117 billion. Its five organizations are the International Bank for Reconstruc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Multilateral Investment Guarantee Agency
The Multilateral Investment Guarantee Agency (MIGA) is an international financial institution which offers political risk insurance and credit enhancement guarantees. These guarantees help investors protect foreign direct investments against political and non-commercial risks in developing countries. MIGA is a member of the World Bank Group and is headquartered in Washington, D.C. in the United States. MIGA was established in 1988 as an investment insurance facility to encourage confident investment in developing countries. MIGA is owned and governed by its member states, but has its own executive leadership and staff which carry out its daily operations. Its shareholders are member governments that provide paid-in capital and have the right to vote on its matters. It insures long-term debt and equity investments as well as other assets and contracts with long-term periods. The agency is assessed by the World Bank's Independent Evaluation Group each year. History In September ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nordic Investment Bank
The Nordic Investment Bank (NIB) is an international financial institution founded in 1975 by the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). In 2005, the three Baltic states (Estonia, Latvia, and Lithuania) also became members of the Bank. NIB’s headquarters are located in Helsinki, Finland. NIB acquires the funds for its lending by borrowing on the international capital markets. Strategy NIB provides loans and guarantees to private and public limited companies, governments, municipalities and financial institutions. Its main lending areas are: * energy & water *infrastructure, transport & telecom *industries & services *financial institutions & small and medium-sized enterprises NIB has a significant environmental loan portfolio outside its member countries, including the Baltic Sea and Barents regions. The bank acquires the funds for its lending by borrowing on international capital markets. NIB's bonds have the highest possible credit rating, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD) is an international financial institution founded in 1991. As a multilateral developmental investment bank, the EBRD uses investment as a tool to build market economies. Initially focused on the countries of the former Eastern Bloc it expanded to support development in more than 30 countries from Central Europe to Central Asia. Similar to other multilateral development banks, the EBRD has members from all over the world (North America, Africa, Asia and Australia, see below), with the biggest single shareholder being the United States, but only lends regionally in its countries of operations. Headquartered in London, the EBRD is owned by 71 countries and two European Union institutions, the newest shareholder being Algeria since October 2021. Despite its public sector shareholders, it invests in private enterprises, together with commercial partners. The EBRD is not to be confused with the European Investment Bank (EIB), ... [...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] |
European Investment Bank
The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions projects that achieve the policy aims of the European Union through loans, guarantees and technical assistance. The EIB focuses on the areas of climate, environment, small and medium sized enterprises (SMEs), development, cohesion and infrastructure. It has played a large role in providing finance during crises including the 2008 financial crash and the COVID-19 pandemic. Since its inception in 1958 the EIB has invested over one trillion euros. It primarily funds projects that "cannot be entirely financed by the various means available in the individual Member States". The EIB is one of the biggest financiers of Sustainable finance, green finance in the world. In 2007, the EIB became the first institution in the world to issue Green bond, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taavi Rõivas' Second Cabinet
Taavi Rõivas' second cabinet was the cabinet of Estonia, in office from 9 April 2015 to 23 November 2016. It is a coalition cabinet of liberal centre-right Estonian Reform Party, Social Democratic Party and conservative Pro Patria and Res Publica Union. History On 7 November 2016, the Social Democratic Party and Pro Patria and Res Publica Union announced that they were asking Prime Minister Taavi Rõivas to resign and were planning on negotiating a new majority government. The announcement came soon after the opposition had submitted a motion to express lack of confidence in Rõivas’ government. SDE and IRL proceeded to support the motion, leaving the Reform the only party to support Rõivas. Rõivas commented the situation by declining to resign and arguing that a democratically elected government should be only removed by a democratic vote. In the following vote of confidence on 9 November, the majority of Riigikogu voted in favor of removing the prime minister’s gove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2015 Estonian Parliamentary Election
Parliamentary elections were held in Estonia on 1 March 2015. Advance voting was held between 19 and 25 February with a turnout of 33 percent. The Reform Party remained the largest in the Riigikogu, winning 30 of the 101 seats. Its leader, Taavi Rõivas, remained Prime Minister. The newly elected 101 members of the 13th Riigikogu assembled at Toompea Castle in Tallinn within ten days of the election. Background This was the first election since the resignation of Prime Minister Andrus Ansip, who relinquished his position after holding the office for almost nine years. Following the resignation, a new coalition comprising the Estonian Reform Party and the Estonian Social Democrats were authorized to form a new government on 24 March 2014 with 34-year-old Taavi Rõivas as the new Prime Minister. This replaced the prior coalition of the Estonian Reform Party and the Pro Patria and Res Publica Union. Electoral system The 101 members of the Riigikogu were elected by proportional ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kesklinn, Tallinn
Kesklinn (Estonian language, Estonian for ''"City centre"'') is one of the 8 administrative districts ( et, linnaosa) of Tallinn, the capital of Estonia. It is situated on the Tallinn Bay and bordered to the northwest by the district of Põhja-Tallinn, to the west by Kristiine, to the southwest by Nõmme, to the east by Lasnamäe and Pirita, and to the south by Rae Parish, beyond Lake Ülemiste. The island of Aegna, located in the Tallinn Bay, also falls within this administrative district. Kesklinn has an area of and a population of 57,731 (); population density is . It is home to Tallinn's World Heritage Site, UNESCO-listed Old Town. Here sits the Tallinn Passenger Port and port-related business centres, including a new complex of high-rise buildings on Liivalaia Street, as well as Tartu Road and Maakri Street. Most of the city's public and cultural venues are located in Kesklinn. These include the Toompea Castle, parliament building (Toompea Castle), City Government, The Eston ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
