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Petteri Orpo
Antti Petteri Orpo (born 3 November 1969) is a Finnish politician serving as the leader of the National Coalition Party since 2016. He has previously served as Deputy Prime Minister of Finland from 2017 to 2019, Minister of Finance from 2016 to 2019, Minister for Agriculture and Forestry from 2014 to 2015 and Minister of Interior from 2015 to 2016. Political career Minister of the Interior During his tenure as Minister of the Interior, Orpo received support for his handling of the 2015 migration crisis from coalition partners in the anti-immigration Finns Party, as well as from opposition lawmakers. Minister of Finance In May 2016, Orpo announced that he would challenge the chair of the National Coalition Party and incumbent Minister of Finance Alexander Stubb in June's party conference. At the time, Orpo joined second-term parliamentarian Elina Lepomaki in seeking to replace Stubb. In contrast to polyglot and outspoken Stubb, Orpo was widely seen as a careful consensus-se ...
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Minister Of Agriculture And Forestry (Finland)
The Minister of Agriculture and Forestry (, ) is one of the Finnish Government's ministerial portfolios. The minister is in charge of the Ministry of Agriculture and Forestry. Since April 2022, Finland's Minister of Agriculture and Forestry has been Antti Kurvinen of the Centre Party. List of ministers Key Ministers References {{Reflist See also * Ministry of Agriculture and Forestry (Finland) * Politics of Finland The politics of Finland take place within the framework of a parliamentary representative democracy. Finland is a republic whose head of state is President Sauli Niinistö, who leads the nation's foreign policy and is the supreme commander of ... Lists of government ministers of Finland ...
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Deputy Prime Minister Of Finland
The Deputy Prime Minister of Finland (, , ''Finland's Prime Minister's Substitute''), officially titled the Minister deputising for the Prime Minister, is a member of the Finnish Government who becomes the acting Prime Minister if the Prime Minister becomes unable to discharge their duties. The Deputy Prime Minister is appointed by the Government and traditionally comes from the second largest party of a coalition government. In recent years they have usually been the Minister of Finance as well. The current Deputy Prime Minister of Finland is Annika Saarikko Annika Virpi Irene Saarikko (born 10 November 1983) is a Finnish politician and minister. On 5 September 2020, she was elected as the leader of the Finnish Centre Party. Early life and education Saarikko was born in Oripää, Finland. She has a .... List of deputy prime ministers of Finland References {{Reflist Politics of Finland . * fi:Suomen pääministeri#Pääministerin sijainen ...
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Finns Party
The Finns Party, formerly known as the True Finns ( fi, Perussuomalaiset, PS, sv, Sannfinländarna, Sannf.), is a right-wing populist political party in Finland. It was founded in 1995 following the dissolution of the Finnish Rural Party. The party achieved its electoral breakthrough in the 2011 Finnish parliamentary election, when it won 19.1% of votes, becoming the third largest party in the Finnish Parliament. In the 2015 election the party got 17.7% of the votes, making it the parliament's second-largest political party. The party was in opposition for the first 20 years of its existence. In 2015, it joined the coalition government formed by Prime Minister Juha Sipilä. Following a 2017 split, over half of the party's MPs left the parliamentary group and were subsequently expelled from their party membership. This defector group, Blue Reform, continued to support the government coalition, while the Finns Party went into opposition. The party, having been reduced to 17 seat ...
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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 ...
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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 ...
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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), ...
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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 ...
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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, ...
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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, ...
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European People’s Party
The European People's Party (EPP) is a European political party with Christian-democratic, conservative, and liberal conservatism, liberal-conservative member parties. A transnational organisation, it is composed of other political parties. Founded by primarily Christian-democratic parties in 1976, it has since broadened its membership to include liberal conservatism, liberal-conservative parties and parties with other centre-right politics, centre-right political perspectives. On 31 May 2022, the party elected as its President Manfred Weber, who was also EPP's ''Spitzenkandidat'' in 2019. The EPP has been the largest party in the European Parliament since 1999 and in the European Council since 2002. It is also the largest party in the current European Commission. The President of the European Commission Ursula von der Leyen and the President of the European Parliament Roberta Metsola are from the EPP. Many of the founding fathers of the European Union were also from parties th ...
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Economic And Financial Affairs Council
The Economic and Financial Affairs Council (ECOFIN) is one of the oldest configurations of the Council of the European Union and is composed of the economics and finance ministers of the 27 European Union member states, as well as Budget Ministers when budgetary issues are discussed. ECOFIN often works with the European Commissioner for Economic and Financial Affairs and the President of the European Central Bank. Tasks The Council covers a number of EU policy areas, such as economic policy coordination, economic surveillance, monitoring of Member States' budgetary policy and public finances, the euro (legal, practical and international aspects), financial markets and capital movements and economic relations with third countries. It also prepares and adopts every year, together with the European Parliament, the budget of the European Union which is about €145 bn. Decision making The council meets once a month and decides mainly by qualified majority, in consultation or cod ...
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European People's Party
The European People's Party (EPP) is a European political party with Christian-democratic, conservative, and liberal-conservative member parties. A transnational organisation, it is composed of other political parties. Founded by primarily Christian-democratic parties in 1976, it has since broadened its membership to include liberal-conservative parties and parties with other centre-right political perspectives. On 31 May 2022, the party elected as its President Manfred Weber, who was also EPP's '' Spitzenkandidat'' in 2019. The EPP has been the largest party in the European Parliament since 1999 and in the European Council since 2002. It is also the largest party in the current European Commission. The President of the European Commission Ursula von der Leyen and the President of the European Parliament Roberta Metsola are from the EPP. Many of the founding fathers of the European Union were also from parties that later formed the EPP. Outside the EU the party also controls ...
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