Global Support to Develop Domestic Bond Markets in Emerging Market Economies and Developing Countries The Italian Experience.
|
|
- Reynold Welch
- 8 years ago
- Views:
Transcription
1 Global Support to Develop Domestic Bond Markets in Emerging Market Economies and Developing Countries The Italian Experience. 22/23 September 2008 Frankfurt am Main Pierpaolo Battista Italian Ministry of the Economy and Finance
2 Contents Introduction about the objectives of technical assistance in the field of Public Debt Management in EME countries Italian Treasury activities in this field Future work programme Page 2
3 Introduction about the objectives of technical assistance in the field of Public Debt Management in EME countries Page 3
4 Goals to be achieved through technical assistance Dissemination of best practice according to country condition Technical advice on continual basis Promoting dialogue between debt managers and non, to reach efficient solutions Page 4
5 General objectives sensitising policy makers about the importance of good debt management disseminating sound practices and tailoring them to specific country circumstances encouraging countries and supporting their efforts supporting debt strategy formulation and implementation consistent with macroeconomic reform and debt sustainability support to establish an efficient institutional structure to manage the debt Page 5
6 Specific objectives Reinforce mutual collaboration among countries to develop: a Primary Market for Government Securities a Secondary Market for Government Securities a Risk Management Framework a sound Cash Management and Short Term Borrowing a Primary Dealers System in Government Bonds liability management techniques. the use of derivatives an Organization of public accounting function Page 6
7 Italian Treasury activities in the field of Technical assistance in Public Debt Management in EME countries Page 7
8 Overview The different activities may be briefly summarized as follows: A) European Union PHARE Program Twinning Projects B) Study visits and meetings with foreign delegations C) Public Debt Management network for Emerging countries Page 8
9 A) European Union PHARE Program Twinning Projects Objective: to assist the Candidate Countries in their preparations for joining the European Union and to promote not only the full acquisition and implementation of the acquis communautaire by the Candidate Countries, but also to strengthen all the structures, systems, human resources and management skills that are necessary for the implementation of such laws. Two documents provide the legal base of the projects: the Framework Agreement between the Commission and each Member State, that sets out the base terms and conditions for all Twinning projects the Twinning Covenant between the Candidate Country and the Member State that defines the contents, the objectives, the responsibilities of the parties and the budget of the project. Page 9
10 The contribution of the Department of the Treasury In order to strengthen Italy s commitment to Twinning Projects and to the EU enlargement process, the Department of the Treasury established a tailored office (Twinning Office) to coordinate the Italian participation in such projects. Based within Directorate IV (Regulation of Banking and Finance Directorate) of the Treasury, the office cooperates with other offices of the Department, as well as other Italian administrations and the National Contact Point at the Ministry of Foreign Affairs. Currently, the Public Debt Directorate is involved in promoting and developing Twinning projects related to public debt issue, in cooperation with the Directorate IV. To date several proposals put forward by the Department have been chosen by the beneficiary administrations as the most appropriate to deliver projects consistent with their own requirements and needs. Page 10
11 Public Debt Directorate participation in Twinning projects EUROPEAN UNION PHARE PL/2000/IB FI-02 Twinning Project between POLAND and ITALY Public finance EUROPEAN UNION PHARE RO/2001/IB ST-01Twinning Project between ROMANIA and ITALY Compliance of Romanian statistics with European statistical system EUROPEAN UNION PHARE CZ2002/IB/OT/01Twinning Project between CZECH REPUBLIC and ITALY Capital Markets Legislation & Regulation EUROPEAN UNION PHARE BG2004/IB/FI/09 Twinning Project between BULGARIA and ITALY Building up integrated State Treasury in the Ministry of Finance Page 11
12 B) Study visits and meetings with foreign delegations Objectives: - to promote the international dialogue between developed countries and emerging countries debt managers - to disseminate public debt management techniques among them - to share best/good practice - to provide emerging countries with tools and knowledge in order to strengthen the efficiency of their debt management policies and lower their vulnerabilities to financial crisis Page 12
13 Some figures. Number of EME study visits 10 Total number of study visits 21 EME countries ALBANIA BULGARIA CZECH. REP HUNGARY POLAND ROMANIA RUSSIA TURKEY UKRAINE non-eme countries BRAZIL CHINA INDONESIA ISRAEL NORTH KOREA SOUTH KOREA VIETNAM Page 13
14 Page 14 EME countries involved
15 Main Topics Primary Market for Italian Government Securities (40% visits RUSSIA 2002, POLAND 2003, HUNGARY 2007, ALBANIA 2007) Secondary Market for Italian Government Securities (50% visits RUSSIA 2002, POLAND 2003, TURKEY 2004, HUNGARY 2007, ALBANIA 2007) Primary Dealers and Specialists in Italian Government Securities (50% visits RUSSIA 2002, POLAND 2003, TURKEY 2004, UKRAINE 2006, HUNGARY 2007) Risk Management Framework (30% visits RUSSIA 2002, POLAND 2003, ALBANIA 2007) Cash Management and Short Term Borrowing (50% visits RUSSIA 2002, POLAND 2003, UKRAINE 2006, HUNGARY 2007, ALBANIA 2007) Overview on role and organization of the Bank of Italy (20% visits CZECH REP. 2003, POLAND 2003) Liability management techniques. The use of derivatives (30% visits POLAND 2003, ROMANIA 2003, HUNGARY 2007) The Italian experience in Debt statistics (20% visits POLAND 2003, ROMANIA 2003) Practical session in the public debt trading floor room (30% visits ROMANIA 2003, BULGARIA 2007, HUNGARY 2007) Organization of public accounting function in Italy (20% visits UKRAINE 2006, HUNGARY 2007) Page 15
16 Some interesting facts EME countries are interested mainly in five PDM areas as Primary and secondary market, Primary Dealer and Specialist, Cash Management and Short Term Borrowing, Liability management techniques and the use of derivatives. The countries with the biggest General Government Debt (year 2007) in terms of GDP are Hungary (66%) and Poland (45%), and their interest in visit are focused not surprisingly, on topics such as Risk Management Framework (Poland) and Liability management techniques: the use of derivatives (both countries). The fact is probably related to the need to manage the potential risk related to their amount of debt. Page 16
17 C) Public Debt Management network for Emerging countries The PDM Network is an initiative strongly related to the Work Programme of the OECD Working Party on Public Debt Management (WPDM) addressed, among others activities, on the field of supporting debt managers of emerging countries. The main activity of the network is to support a website ( but it is involved in international conferences and study visits organization too. Mission of the Network: Promote permanent international dialogue, information sharing and knowledge building on PDM issues between OECD, Emerging Countries and other Institutions Increase the efficiency of information sharing among debt managers by using information and communication technologies Store information, provide communication and documentation Share good practices in PDM techniques as developed by the OECD WPDM in its policy dialogue with Emerging Market Economies Lower costs in attaining and sharing information and knowledge about PDM among debt managers and other Institutions Page 17
18 History of PDM network 2001: the idea : Global Forum Rome, maturation 2004 December: Memorandum of Understanding OECD Italian Treasury 2005 June: static website 2005 November: dynamic website 2006: site maintenance and resources feeds 2006: development of interactive features 2007: idea of launching the Academic Circle 2008: preparation of Discussion Forum area Next steps: Web site restyling (easier access and navigation and new style) Contents improvement (more news and events, a statistical area, new links to OECD documents on Public Debt Management, Newsletter focused on Emerging Markets Countries) Page 18
19 Web site description Two access levels: The PDM Web site is accessible only by participating institutions after authentication and is subdivided in two security Area: Level 1: users having access to all contents of the website (debt managers); Level 2: users having access to a limited amount of content (private institutions and external partners). 3 macro areas: - the documentation area: Theoretical and/or empirical literature: bibliography of books and articles, papers, unpublished documents, websites, reports, collected from the web or submitted by the Network Members. Contents: organized by Areas of interest (e.g. Core topics in debt management, Active debt management, Coordination with other policies and operations) - the interactive area: Mailing list; Advanced Search; Forum - the news area: Events, initiatives and news pertaining to debt management Page 19
20 Current participants of the Network A. OECD Countries actively connected (all OECD are de jure members) Australia; Austria; Belgium; Czech Republic (National Bank); Denmark; Finland; France; Germany (National Bank); Greece; Hungary; Ireland; Italy; Japan; Mexico; Norway; Poland; Portugal; Spain; Sweden; Turkey. B. Non-OECD Countries Albania; Dubai; Hong Kong; Fiji; Macedonia; Morocco ; Nigeria; Pakistan; Papua New Guinea: Singapore; (Georgia recently asked information about the Network). C. Multilateral World Bank; IMF; European Commission. Page 20
21 The PDM Network and the G8 Action Plans The development of a PDM Network is useful in implementing the G8 Action plans in the specific area of Emerging Europe more effectively and efficiently for three reasons : 1) exchange of information on PDM issues as well as transfers of technical know-how are more effective if they directly involve public debt managers from countries that experienced and successfully addressed similar difficulties and hurdles now facing Emerging Europe financial markets. 2) the definition of best practices in PDM is an ongoing process so that frequently up-dated information is crucial to provide appropriate benchmarks for the development of financial markets in Emerging Europe countries as well as timely inputs to PDM in advance economies. 3) the use of a cost-effective electronic instrument of communication and debate makes participation to the Network financially affordable to all interested parties, including Emerging Europe countries, providing an inexpensive tool to keep abreast of the most recent developments in PDM. Page 21
22 Page 22 Future work programme
23 Forthcoming initiatives 1) Twinning project Italian Treasury is currently involved in promoting a new Twinning project with Ukraine called Supporting the Ministry of Finance of Ukraine in the fields of Public Debt Management and Budgetary Forecasting 2) PDM network Currently the following EME countries are actively connected to the Network: Czech Republic, Hungary, Poland, Albania and Turkey. Next initiatives: Broadening participation in PDM project among EME countries will be reinforced Developing a Forum area in PDM website as profitable tool to build an efficient Public Debt Management in EME countries Page 23
24 For further information please contact: or Page 24
41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.
Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***
More informationAppendix 1: Full Country Rankings
Appendix 1: Full Country Rankings Below please find the complete rankings of all 75 markets considered in the analysis. Rankings are broken into overall rankings and subsector rankings. Overall Renewable
More informationWorld Consumer Income and Expenditure Patterns
World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income
More informationGlobal Effective Tax Rates
www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes
More informationCOST Presentation. COST Office Brussels, 2013. ESF provides the COST Office through a European Commission contract
COST Presentation COST Office Brussels, 2013 COST is supported by the EU Framework Programme ESF provides the COST Office through a European Commission contract What is COST? COST is the oldest and widest
More informationReporting practices for domestic and total debt securities
Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationHow To Get A New Phone System For Your Business
Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not
More informationConsolidated International Banking Statistics in Japan
Total (Transfer Consolidated cross-border claims in all currencies and local claims in non-local currencies Up to and including one year Maturities Over one year up to two years Over two years Public Sector
More informationForeign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund
Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000
More informationTOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS. Paulo Magina Public Sector Integrity Division
TOWARDS PUBLIC PROCUREMENT KEY PERFORMANCE INDICATORS Paulo Magina Public Sector Integrity Division 10 th Public Procurement Knowledge Exchange Platform Istanbul, May 2014 The Organization for Economic
More informationThe investment fund statistics
The investment fund statistics Narodowy Bank Polski (NBP) publishes data reported by investment funds which have been defined in Art. 3 section 1 of the Act of 27 May 2004 on investment funds (Journal
More informationMAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO
MAUVE GROUP GLOBAL SOLUTIONS PORTFOLIO At Mauve Group, we offer a variety of complete employee management services such as Global Employment Solutions (GES), Professional Employment Outsourcing (PEO),
More informationBrochure More information from http://www.researchandmarkets.com/reports/1339929/
Brochure More information from http://www.researchandmarkets.com/reports/1339929/ The 2011 World Forecasts of Machine Tools That Remove Material by Laser or Light, Photon, Ultrasonic, Electro-Discharge,
More informationVerdict Financial: Wealth Management. Data Collection and Forecasting Methodologies
Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global
More informationORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT
2 OECD RECOMMENDATION OF THE COUNCIL ON THE PROTECTION OF CRITICAL INFORMATION INFRASTRUCTURES ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT The OECD is a unique forum where the governments of
More informationInternational Call Services
International Call Services Affordable rates for business calls. Wherever you are in the world. We ve got plenty to say when it comes to staying in touch when you re overseas. We have agreements with 443
More informationU.S. Trade Overview, 2013
U.S. Trade Overview, 213 Stephanie Han & Natalie Soroka Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration October 214 Trade: A Vital Part of the
More informationMALTA TRADING COMPANIES IN MALTA
MALTA TRADING COMPANIES IN MALTA Trading companies in Malta 1. An effective jurisdiction for international trading operations 410.000 MALTA GMT +1 Located in the heart of the Mediterranean, Malta has always
More informationGlobal Economic Briefing: Global Inflation
Global Economic Briefing: Global Inflation August 7, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the
More informationTurkish Arab Economic Forum June 29, 2012. Mehmet Şimşek. Minister of Finance
Turkish Arab Economic Forum June 29, 2012 Mehmet Şimşek Minister of Finance 1 Outline Turkey: Short Term Outlook Managing a Soft Landing Fallout from the Euro Crisis Turkey & MENA REBALANCING Growing ON
More informationTRANSFERS FROM AN OVERSEAS PENSION SCHEME
PENSIONS PROFILE DECEMBER 2011 TRANSFERS FROM AN OVERSEAS PENSION SCHEME = Summary A simplified guide to the process: 1. Individual requests transfer from their overseas pension scheme to their UK registered
More informationGfK PURCHASING POWER INTERNATIONAL
GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK
More informationKnow the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country.
Aon Hewitt Country Profiles Your eguide to employment requirements and practices Profiles for nearly 90 countries worldwide Risk. Reinsurance. Human Resources. Know the Facts Whether you are a newcomer
More informationSupported Payment Methods
Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not only the major credit
More informationTriple-play subscriptions to rocket to 400 mil.
Triple-play criptions to rocket to 400 mil. Global triple-play criptions will reach 400 million by 2017; up by nearly 300 million on the end-2011 total and up by 380 million on the 2007 total, according
More informationDSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace
DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international
More informationEMEA BENEFITS BENCHMARKING OFFERING
EMEA BENEFITS BENCHMARKING OFFERING COVERED COUNTRIES SWEDEN FINLAND NORWAY ESTONIA R U S S I A DENMARK LITHUANIA LATVIA IRELAND PORTUGAL U. K. NETHERLANDS POLAND BELARUS GERMANY BELGIUM CZECH REP. UKRAINE
More informationHow many students study abroad and where do they go?
From: Education at a Glance 2012 Highlights Access the complete publication at: http://dx.doi.org/10.1787/eag_highlights-2012-en How many students study abroad and where do they go? Please cite this chapter
More informationOn What Resources and Services Is Education Funding Spent?
Indicator On What Resources and Services Is Education Funding Spent? In primary, secondary and post-secondary non-tertiary education combined, current accounts for an average of 92% of total spending in
More informationSupported Payment Methods
Sell Globally in a Snap Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not
More informationList of tables. I. World Trade Developments
List of tables I. World Trade Developments 1. Overview Table I.1 Growth in the volume of world merchandise exports and production, 2010-2014 39 Table I.2 Growth in the volume of world merchandise trade
More informationBT Premium Event Call and Web Rate Card
BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:
More informationTHE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY
THE ADVANTAGES OF A UK INTERNATIONAL HOLDING COMPANY Ideal Characteristics for the Location of an International Holding Company Laurence Binge +44 (0)1372 471117 laurence.binge@woolford.co.uk www.woolford.co.uk
More informationGlobal Dialing Comment. Telephone Type. AT&T Direct Number. Access Type. Dial-In Number. Country. Albania Toll-Free 00-800-0010 888-426-6840
Below is a list of Global Access Numbers, in order by country. If a Country has an AT&T Direct Number, the audio conference requires two-stage dialing. First, dial the AT&T Direct Number. Second, dial
More informationMalta Companies in International Tax Structuring February 2015
INFORMATION SHEET No. 126 Malta in International Tax Structuring February 2015 Introduction Malta is a reputable EU business and financial centre with an attractive tax regime and sound legislative framework.
More informationGlobal Marine Insurance Report 2008
Global Marine Insurance Report 28 Astrid Seltmann Facts & Figures Committee Analyst/Actuary, CEFOR, Norway Report on marine insurance premiums 26 and 27 By end of August 28, 49 of 54 members (ex 45 of
More informationThe Determinants of Global Factoring By Leora Klapper
The Determinants of Global Factoring By Leora Klapper Factoring services can be traced historically to Roman times. Closer to our own era, factors arose in England as early as the thirteenth century, as
More informationJuly 2015. Figure 1. 1 The index is set to 100 in 2000. House prices are deflated by country CPIs in most cases.
July 2015 Globally, house prices continue a slow recovery. The Global House Price Index, an equally weighted average of real house prices in nearly 60 countries, inched up slowly during the past two years
More informationNinth United Nations Survey of Crime Trends and Operations of Criminal Justice Systems POLICE
Indicators as defined by the (- ) POLICE 2. Crimes recorded in criminal (police) statistics, by type of crime including attempts to commit crimes 2.2 Total recorded intentional homicide, completed (c)
More informationBrochure More information from http://www.researchandmarkets.com/reports/3278449/
Brochure More information from http://www.researchandmarkets.com/reports/3278449/ The 2016 World Forecasts of Hand-Operated Date, Sealing, or Numbering Stamps; Devices for Printing or Embossing Labels;
More informationDelegation in human resource management
From: Government at a Glance 2009 Access the complete publication at: http://dx.doi.org/10.1787/9789264075061-en Delegation in human resource management Please cite this chapter as: OECD (2009), Delegation
More informationInternational Higher Education in Facts and Figures. Autumn 2013
International Higher Education in Facts and Figures Autumn 2013 UK Higher Education International Unit International higher education in facts and figures covers the majority of the UK higher education
More informationDigital TV Research. http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample
Digital TV Research http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am -
More informationConfiguring DHCP for ShoreTel IP Phones
Configuring DHCP for ShoreTel IP Phones Network Requirements and Preparation 3 Configuring DHCP for ShoreTel IP Phones The ShoreTel server provides the latest application software and configuration information
More informationInternational aspects of taxation in the Netherlands
International aspects of taxation in the Netherlands Individuals resident in the Netherlands are subject to income tax on their worldwide income. Companies established in the Netherlands are subject to
More informationThe Political and Economic Impact of Debt: Accelerating Interdependence, Globalization, and the Reallocation of Influence
The Political and Economic Impact of Debt: Accelerating Interdependence, Globalization, and the Reallocation of Influence Australia Brazil China Czech Republic Egypt France Government Debt Germany Greece
More informationEnergy prices in the EU Household electricity prices in the EU rose by 2.9% in 2014 Gas prices up by 2.0% in the EU
92/2015-27 May 2015 Energy prices in the EU Household electricity prices in the EU rose by 2.9% in 2014 Gas prices up by 2.0% in the EU In the European Union (EU), household electricity prices 1 rose by
More informationSize and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments
January 20, 2015 ShadEcEurope31_January2015.doc Size and Development of the Shadow Economy of 31 European and 5 other OECD Countries from 2003 to 2015: Different Developments by Friedrich Schneider *)
More informationCMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update
CMMI for SCAMPI SM Class A 2011 End-Year Update Software Engineering Institute Carnegie Mellon University Pittsburgh, PA 15213 1 Outline Introduction Current Status Community Trends Organizational Trends
More informationOCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology
OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction
More informationThe face of consistent global performance
Building safety & security global simplified accounts The face of consistent global performance Delivering enterprise-wide safety and security solutions. With more than 500 offices worldwide Johnson Controls
More informationSenate Committee: Education and Employment. QUESTION ON NOTICE Budget Estimates 2015-2016
Senate Committee: Education and Employment QUESTION ON NOTICE Budget Estimates 2015-2016 Outcome: Higher Education Research and International Department of Education and Training Question No. SQ15-000549
More informationDEMOGRAPHICS AND MACROECONOMICS
1 UNITED KINGDOM DEMOGRAPHICS AND MACROECONOMICS Data from 2008 or latest available year. 1. Ratio of over 65-year-olds the labour force. Source: OECD, various sources. COUNTRY PENSION DESIGN STRUCTURE
More informationReport on Government Information Requests
Report on Government Information July 1 - December 31, 2014 apple Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software
More informationOverview of the OECD work on transfer pricing
Overview of the OECD work on transfer pricing Written contribution to the Conference Alternative Methods of Taxation of Multinationals (13-14 June 2012, Helsinki, Finland) by Marlies de Ruiter, Head of
More informationMonthly Report on Asylum Applications in The Netherlands and Europe
Asylum Trends Monthly Report on Asylum Applications in The Netherlands and Europe November 2013 2014 November 2014 Colophon Title Subtitle Author Asylum Trends Monthly Report on Asylum Applications in
More informationElectricity, Gas and Water: The European Market Report 2014
Brochure More information from http://www.researchandmarkets.com/reports/2876228/ Electricity, Gas and Water: The European Market Report 2014 Description: The combined European annual demand for electricity,
More informationEnergy Briefing: Global Crude Oil Demand & Supply
Energy Briefing: Global Crude Oil Demand & Supply November 6, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the
More informationE-Seminar. Financial Management Internet Business Solution Seminar
E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7
More information360 o View of. Global Immigration
360 o View of Global Immigration In a fast moving global economy, remaining compliant with immigration laws, being informed and in control is more challenging than ever before. We are a globally linked
More informationRegion Country AT&T Direct Access Code(s) HelpLine Number. Telstra: 1 800 881 011 Optus: 1 800 551 155
Mondelēz International HelpLine Numbers March 22, 2013 There are many ways to report a concern or suspected misconduct, including discussing it with your supervisor, your supervisor s supervisor, another
More informationWorld Leasing Yearbook 2016
Brochure More information from http://www.researchandmarkets.com/reports/3687603/ World Leasing Yearbook 2016 Description: The 2016 edition provides valuable reference data for all players in the field,
More informationSoftware Tax Characterization Helpdesk Quarterly June 2008
& McKenzie Software Tax Characterization Helpdesk Quarterly June 2008 Characterizing foreign software revenues is a complex challenge for large and small software firms alike. Variations in the rules around
More informationGreece Country Profile
Greece Country Profile EU Tax Centre March 2013 Key factors for efficient cross-border tax planning involving Greece EU Member State Double Tax Treaties With: Albania Estonia Lithuania Serbia Armenia Finland
More informationEuler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION
Euler Hermes the world leader in credit insurance RISK ASSESSMENT CREDIT INSURANCE DEBT COLLECTION Agenda 1 The Euler Hermes group 2 Our business 3 Our products and solutions 4 Our added value 2 The Euler
More informationCombating Tax Evasion through Transparency and Exchange of Information
Combating Tax Evasion through Transparency and Exchange of Information BSEC 23 November 2012 Simon Knott Global Forum Secretariat OECD What s at stake NO LEVEL PLAYING FIELD tax fraud and evasion lack
More informationDial 00-800-0010, when prompted to enter calling number, enter 800-544-6666 American Samoa 1-800-544-6666 Number can be dialed directly Angola 0199
National Financial Services International Calling Instructions Albania 00-800-0010 Dial 00-800-0010, when prompted to enter American Samoa 1-800-544-6666 Number can be dialed directly Angola 0199 Dial
More informationARE ENTREPRENEURS BORN OR MADE? AMWAY GLOBAL ENTREPRENEURSHIP REPORT ITALY AND UNITED STATES IN COMPARISON
ARE ENTREPRENEURS BORN OR MADE? AMWAY GLOBAL ENTREPRENEURSHIP REPORT AND UNITED STATES IN COMPARISON INTRO AND OBJECTIVES SURVEY DESIGN Fieldwork: April July 2014 Sample: 43.902 men and women aged 14-99
More informationNetherlands Country Profile
Netherlands Country Profile EU Tax Centre March 2012 Key factors for efficient cross-border tax planning involving Netherlands EU Member State Yes Double Tax Treaties With: Albania Czech Rep. Jordan Nigeria
More informationHong Kong s Health Spending 1989 to 2033
Hong Kong s Health Spending 1989 to 2033 Gabriel M Leung School of Public Health The University of Hong Kong What are Domestic Health Accounts? Methodology used to determine a territory s health expenditure
More information2015 Country RepTrak The World s Most Reputable Countries
2015 Country RepTrak The World s Most Reputable Countries July 2015 The World s View on Countries: An Online Study of the Reputation of 55 Countries RepTrak is a registered trademark of Reputation Institute.
More informationGood practice of dissemination and exploitation results in Latvia
Good practice of dissemination and exploitation results in Latvia Dr.phys. Gunta Šlihta Vice-director, Institute of Physical Energetics Rīga, / 03 / 03 Methods of transfer of project results in the Baltic
More informationInternational investment continues to struggle
FDI IN FIGURES December 2014 International investment continues to struggle Figures for the first half of 2014 point to stalled FDI flows Findings FDI fell in the first quarter of 2014 before rebounding
More informationERASMUS+ MASTER LOANS
ERASMUS+ MASTER LOANS Erasmus+ Master Loan: opening up access to more affordable lending for cross-border studies The Erasmus+ programme makes it possible for students who want to take a full Masters level
More informationI. World trade developments
I. World trade developments The value of world merchandise exports increased by 20 per cent in 2011 while exports of commercial services grew by 11 per cent. Key developments in 2011: a snapshot Trade
More informationERASMUS+ MASTER LOANS
Ref. Ares(2015)660570-17/02/2015 ERASMUS+ MASTER LOANS Erasmus+ Master Loan: opening up access to more affordable lending for cross-border studies The Erasmus+ programme makes it possible for students
More informationTREATY MAKING - EXPRESSION OF CONSENT BY STATES TO BE BOUND BY A TREATY
A 355043 COUNCIL OF EUROPE CONSEIL DE L'EUROPE TREATY MAKING - EXPRESSION OF CONSENT BY STATES TO BE BOUND BY A TREATY CONCLUSION DES TRAITÉS - EXPRESSION PAR LES ÉTATS DU CONSENTEMENT À ÊTRE LIÉS PAR
More informationHOME OFFICE EVENT FOR SECURITY & POLICE PROFESSIONALS
8 10 March 2016 Farnborough, Hampshire Dedicated CYBER ZONE! HOME OFFICE EVENT FOR SECURITY & POLICE PROFESSIONALS Key theme for 2016: Transformational Change POLICING & COUNTER TERRORISM CRITICAL NATIONAL
More informationComputing our Future Computer programming and coding in schools in Europe. Anja Balanskat, Senior Manager European Schoolnet
Computing our Future Computer programming and coding in schools in Europe Anja Balanskat, Senior Manager European Schoolnet ABOUT THE SURVEY What do Ministries currently think about the topic? Curricula
More informationGE Grid Solutions. Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015. Imagination at work.
GE Grid Solutions Providing solutions that keep the world energized Press Conference Call Presentation November 12, 2015 Press Conference Call Recording: Toll Free: +1 (855) 859-2056 Toll: +1 (404) 537-3406
More informationNORTHERN TRUST GLOBAL TRADE CUT OFF DEADLINES
Argentina T+3 Only Govt Tsy Bills (Letes) have a settlement cycle of T+1, other fixed income securities have a T+3 settlement cycle. T+0 OTC Market (MAE) SD 1200 9amSD-2 9am SD T+3 T+0 SD 1500 9am SD 9am
More informationContact Centers Worldwide
A Contact Centers Worldwide Country Tel.no. Supported lang. Contact Center Albania Algeria 852 665 00 +46 10 71 66160 Angola 89900 +34 91 339 2121 (Port) and Portuguese +34 913394044 +34 913394023 (Por)
More informationStudent visa and temporary graduate visa programme trends
Student visa and temporary graduate visa programme trends 2008-09 to 2014-15 This page is left blank intentionally. Table of Contents Page About this report 1 Enquiries 1 Definition of terms 2 Background
More informationPerrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers
Perrigo Company Acquisition of Elan Corporation plc Exchange of Perrigo common shares Frequently Asked Questions & Answers On November 18, 2013, Perrigo Company ( Perrigo ) announced that its shareholders
More informationReview of R&D Tax Credit. Invitation for Submissions
Review of R&D Credit invitation for submissions Review of R&D Credit Invitation for Submissions February 2013 Economic and Fiscal Divisions Department of Finance Government Buildings, Upper Merrion Street,
More informationMIT U.S. Income Tax Presentation Non US Resident Students
MIT U.S. Income Tax Presentation Non US Resident Students PwC Boston Nabih Daaboul Carol McNeil Rich Wagman 1 Basic U.S. Tax Overview for International Students A foreign national is a person born outside
More informationTable 1: TSQM Version 1.4 Available Translations
Quintiles, Inc. 1 Tables 1, 2, & 3 below list the existing and available translations for the TSQM v1.4, TSQM vii, TSQM v9. If Quintiles does not have a translation that your Company needs, the Company
More informationHAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE
HAS BRAZIL REALLY TAKEN OFF? BRAZIL LONG-RUN ECONOMIC GROWTH AND CONVERGENCE COUNTRY PROFILE: A COUNTRY IN TRANSFORMATION POLICY RECOMENDATIONS COUNTRY PROFILE Brazilian Equivalent Population in The World
More informationThe spillover effects of unconventional monetary policy measures in major developed countries on developing countries
The spillover effects of unconventional monetary policy measures in major developed countries on developing countries Tatiana Fic National Institute of Economic and Social Research Objective The objective
More informationAudio Conferencing Service Comprehensive Telecommunications Services Group Number 77017 Award Number 20268 Contract Number PS63110
Audio Conferencing Comprehensive Telecommunications s Number PS63110 Audio Conferencing, Function or Device Reservationless Conferencing Solution Setup Meeting Center Multimedia Minute - Self-, Automated
More informationFDI performance and potential rankings. Astrit Sulstarova Division on Investment and Enterprise UNCTAD
FDI performance and potential rankings Astrit Sulstarova Division on Investment and Enterprise UNCTAD FDI perfomance index The Inward FDI Performance Index ranks countries by the FDI they receive relative
More informationInternationalization and higher education policy: Recent developments in Finland
Internationalization and higher education policy: Recent developments in Finland Seminar on Cooperation between Russian and Finnish Institutions of Higher Education St Petersburg 5.-7.2.2008. Rector Anneli
More informationON OECD I-O DATABASE AND ITS EXTENSION TO INTER-COUNTRY INTER- INDUSTRY ANALYSIS " Norihiko YAMANO"
ON OECD I-O DATABASE AND ITS EXTENSION TO INTER-COUNTRY INTER- INDUSTRY ANALYSIS " Norihiko YAMANO" OECD Directorate for Science Technology and Industry" " 1 February 2012" INTERNATIONAL WORKSHOP ON FRONTIERS
More informationGlobal AML Resource Map Over 2000 AML professionals
www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain
More informationDoing Business in Australia and Hong Kong SAR, China
Doing Business in Australia and Hong Kong SAR, China Mikiko Imai Ollison Private Sector Development Specialist Nan Jiang Private Sector Development Specialist Washington, DC October 29, 2013 What does
More informationTHE ETHICS HELPLINE Worldwide Dialing Instructions April 2012
COUNTRY DIALING INSTRUCTIONS US, Canada and Virgin Islands The Ethics Helpline is always available, 24/7/365 888 478 6858 (Dialing instructions for other jurisdictions follow) Coming soon internet reporting
More informationData Modeling & Bureau Scoring Experian for CreditChex
Data Modeling & Bureau Scoring Experian for CreditChex Karachi Nov. 29 th 2007 Experian Decision Analytics Credit Services Help clients with data and services to make business critical decisions in credit
More informationPreventing fraud and corruption in public procurement
Preventing fraud and corruption in public procurement CRIM, European Parliament 24 September 2012 Brussels János Bertók Head of division Public Sector Integrity OECD Data on trends in procurement Size
More informationReport on Government Information Requests
Report on Government Information Requests January - June, Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and
More information