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Finance Minister in Washington for Annual Meeting of World Bank Group (WB) and International Monetary Fund (IMF)
Finance Minister Prof. Edward Scicluna attended the Annual Meeting of the World Bank Group (WB) and the International Monetary Fund (IMF) held in Washington between October 11th and October 13th, 2013. These annual meetings each year bring together ministers of finance and development, central bankers, private sector executives, and academics to discuss issues of global…
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His hands on the cash register – Interview – maltatoday
The new finance ministry is cut out for Prof. Edward Scicluna. The economist seems unencumbered with the kind of nasty political swashbuckling that the larger finance and economic affairs ministry of the past 30 years had to endure. Complaints about privatisation projects, sale of government land, tendering procedures. All controversial privatisation and economic affairs are…
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The Ministry for Finance highlights the significant statements made by Moody’s
The Ministry for Finance joins other organisations in welcoming the favourable report issued by credit rating agency Moody’s on 4th October 2013. The report, while confirming Malta’s A3 government bond rating, also changed the outlook of the Maltese economy from negative to stable. From the Ministry’s viewpoint, the significant highlights of the report are the…
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Finance Ministry publishes independent report on its Macroeconomic Forecasts
The Finance Ministry has released a report by the National Audit Office which assessed the Ministry’s macroeconomic forecasts on the Maltese economy, on Monday 7th October 2013. The Ministry welcomes the reports’ conclusion, namely that the Ministry is adopting the correct approach by sticking to the main assumptions of internationally reputable institutions when forecasting during…
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Deficit Correction reports sent to Commission
The Finance Ministry has formally submitted to the European Commission 1st October, 2013, an Economic Partnership Programme (EPP) together with a Report on Effective Action on, which outline the Government’s plan to close 2013 with a general government deficit below 3%. The Economic Partnership Programme (EPP) is divided in two main chapters. The first chapter…
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ECB welcomes a second-deputy governor at CBM – Videoblog 20
In his weekly blog, Finance Minister Prof. Edward Scicluna explains the proposed amendments to the Central Bank Act, which he presented to parliament a few days ago, which propose, among other changes, the creation of a new Deputy Governor position within the Central Bank of Malta. Prof. Scicluna explains that this change must be…
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“Malta constantly on lookout for opportunities to broaden financial services sector”
“Malta is constantly on the lookout for new opportunities to increase the breadth and depth of its financial services infrastructure, not least its securities markets,” said Finance Minister Prof. Edward Scicluna, noting that Malta has been consistently featured in the top 20 tier of the World Economic Forum Competitiveness Index with respect to the regulation…
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Is-sostenibilità fiskali ta’ pajjiżna
Il-ftehim preliminarju li ntlaħaq bejn il-Gvern Malti u dak Ċiniż dwar investiment fl-Enemalta, li ġie ffirmat f’dawn l-aħħar jiem, qanqal diskussjoni kbira. Din hi mhux biss normali iżda importanti f’pajjiż demokratiku. Iżda dan il-ftehim wassal ukoll għal ċertu kritika min-naħa tal-Oppożizzjoni, li hu importanti li tiġi ndirizzata. L-ewwel mistoqsija li jeħtieġ li tiġi ndirizzata hi:…
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“Id-Deputat Gvernatur tal-Bank Ċentrali u l-karigi tal-Bord tad-Diretturi huma mandati minn Standards regolatorji ġodda tal-istabilta’ finanzjarja tal-UE”
Hija sfortuna li l-Oppożizzjoni għażlet li testendi l-kampanja tagħha ta’ dubji permezz ta’ insinwazzjonijiet politiċi fis-settur tas-servizzi Finanzjarji, u b’mod partikolari l-Bank Ċentrali ta’ Malta, li huwa l-istituzzjoni makro-prudenti tal-pajjiż. Dawk kollha li jsegwu l-iżviluppi internazzjonali u Ewropej jafu li r-regolament tal-kriżi post-finanzjarja wassal għall-ħolqien tal-Bord ta’ Riskju Sistemiku tal-UE (ESRB) li hu bbażat fi…
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L-aspetti ewlenin tal-pensjonijiet
F’dan l-artiklu, xtaqt nieħu l-opportunità biex nindirizza l-kwistjoni tal-pensjonijiet. Din hi kwistjoni li hi ferm importanti għal bosta ċittadini, u jidher ċar mill-mod kif is-suġġett tqajjem f’kull laqgħa ta’ konsultazzjoni ta’ qabel il-baġit 2014 li seħħew s’issa. Meta tagħrbel il-kwistjoni sew, wieħed jara li hemm diversi aspetti. Dawn għandhom jiġu diskussi separatament. Bosta mill-problemi li…