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Transcript of a Press Conference on the Global Financial Stability Report

Oxford Academy

Ms. Stankova – Good morning, everybody, and good afternoon to those who are joining us today from afar. Welcome to the press conference on the release of the main chapter of the Global Financial Stability Report. Let me introduce the speakers today. In the center we have Mr. Viñals, Director of the Monetary and Capital Markets Department. Immediately to my right is Peter Dattels, Deputy Director in the Monetary and Capital Markets Department. To Mr. Viñals’s right is Matthew Jones from the Monetary and Capital Markets Department as well; he is a Division Chief there. Then we have Anna Ilyina, … Continue reading Transcript of a Press Conference on the Global Financial Stability Report

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About the Annual Meetings

Oxford Academy

About the Annual Meetings The Board of Governors of the World Bank Group (WBG) and the Boards of Governors of the International Monetary Fund (IMF) normally meet once a year to discuss the work of their respective institutions. The Annual Meetings, which generally take place in September-October, have customarily been held in Washington for two consecutive years and in another member country in the third year. The Inaugural Meeting of the Boards of Governors was held in Savannah, Georgia, USA in March 1946. The first Annual Meetings were held in Washington in 1946. The Annual Meetings occur ahead of the … Continue reading About the Annual Meetings

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Apertura del primo Hub della ABO Offshore Bank

Oxford Academy

Milano, 03 luglio 2013 -Finalmente, dopo molti mesi di preparazione e lunghe, trattative per la distribuzione delle quote a soci imprenditori, apre il nuovo e tecnologico Hub della ABO Offshore Bank, banca d’affari offshore con sede nell’isola del Jersey. ABO Offshore Bank avrà anche una partecipazione del 33% di soci tunisini, e quote di minoranza della Libia, dell’Algeria e del Qatar, invece la maggioranza delle quote rimarrà di proprietà di una cordata di imprenditori italiani che operano nelle città di Milano, Firenze, Empoli. ABO Offshore Bank Lavorerà in valuta americana ed euro, cosa che le permetterà anche di partecipare alle privatizzazioni algerine … Continue reading Apertura del primo Hub della ABO Offshore Bank

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ABO ED EXPO 2015 Protocollo d’intesa

Oxford Academy

Siglato a Milano il 08 Giugno 2013   PROTOCOLLO D’INTESA Associazione fra le Banche Offshore in Italia (di seguito “ABO” ), ED EXPO 2015  (di seguito “EXPO 2015”), PREMESSO CHE nel corso dei recenti incontri tra le due istituzioni sono stati condivisi i grandi valori che si  intendono promuovere attraverso l’EXPO 2015 (difesa della vita, sviluppo sostenibile,  espressione delle idee, condivisione di una conoscenza universale,    ricerca,    innovazione    tecnologica,    rispetto    per    l’umanità    e multiculturalismo); dalla volontà di affermare tali valori, derivano gli obiettivi generali di EXPO 2015 (rafforzare    le    relazioni    internazionali    su    un    tema    condiviso,    condividere un’esperienza  di  apprendimento  e  cultura  … Continue reading ABO ED EXPO 2015 Protocollo d’intesa

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Cipro: Intervista con Athanasios Orphanides

Oxford Academy

Intervista con Athanasios Orphanides, Governatore della Banca centrale cipriota  attualmente professore alla scuola di amministrazione economica dell’istituto di tecnologia del Massachusetts. Qual è il prossimo passo, per Cipro? C‘è un piano B? Spero che ci siano dei piani alternativi, sia a Cipro sia presso i partner europei. Il risultato delle decisioni dei governi dell’Eurozona è stato spingere Cipro a cercare l’aiuto altrove, in Russia. È uno sviluppo molto triste del progetto dell’Unione europea. Appunto, la Russia. Che ruolo può giocare, adesso? La Russia ha quasi un monopolio di buona parte delle forniture di gas nell’Europa continentale e come sapete ci … Continue reading Cipro: Intervista con Athanasios Orphanides

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Cipro e il finto prestito dell’unione Europea

Oxford Academy

Relazione 21045/013   dr. Marcello Orsini Anche se l’isola nel centro del Mediterraneo conta solo per lo 0,2% del PIL dell’Eurozona, l’Unione Europea ha preferito intervenire per evitare contagi – vista poi la fragilità in cui si trova l’Italia dopo le elezioni politiche e la poca liquidità di denaro che circola negli stati dell’Eurozone. Ai negoziati della notte scorsa ha partecipato anche la direttrice generale del Fondo monetario internazionale. Christine Lagarde ha spinto fortemente per evitare che il paese si indebitasse troppo. Per questo l’intervento è sceso da 17 a 10 miliardi. Per questo il governo cipriota imporrà una tassa del … Continue reading Cipro e il finto prestito dell’unione Europea

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San Marino—2013 Article IV Consultation Concluding Statement of the Mission

Oxford Academy

The economic recession is likely to persist into 2013, with growth hampered by weak external demand and the continued effects of San Marino’s inclusion in Italy’s tax black list. While most banks appear to have reasonably strong capital and liquidity, the State should stand ready to further recapitalize Cassa di Risparmio (CRSM) as needed, for CRSM is a key element of the Sammarinese economy. It will be important for the government to rebuild strong fiscal reserves, and this will require setting more ambitious targets for the planned tax reform and expenditure review. Finally, San Marino has, in recent years, unwound … Continue reading San Marino—2013 Article IV Consultation Concluding Statement of the Mission

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Resolutions for the Fiscal New Year—Staying on Track Is No Easy Task

Oxford Academy

by Carlo Cottarelli and Philip Gerson We’re one month into 2013, and if past experience is any guide, by now many people will have all but forgotten the promises they made about the things they planned to do over the coming year. It’s a time-honored tradition in many countries for people to make resolutions at the New Year, usually involving things that are good for them, like achieving a healthier weight. Unfortunately, it’s also traditional that these commitments quickly fall by the wayside, only to be taken up again next year, usually with the same results. But unlike many of these … Continue reading Resolutions for the Fiscal New Year—Staying on Track Is No Easy Task

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Gradual Upturn in Global Growth During 2013

Oxford Academy

World Economic Global growth is projected to increase during 2013, as the factors underlying soft global activity are expected to subside. However, this upturn is projected to be more gradual than in the October 2012 World Economic Outlook (WEO) projections. Policy actions have lowered acute crisis risks in the euro area and the United States. But in the euro area, the return to recovery after a protracted contraction is delayed. While Japan has slid into recession, stimulus is expected to boost growth in the near term. At the same time, policies have supported a modest growth pickup in some emerging … Continue reading Gradual Upturn in Global Growth During 2013

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COLOMBIA

Oxford Academy

Country Report No. 13/35 STAFF REPORT FOR THE 2012 ARTICLE IV CONSULTATION §        Staff Statement of January 23, 2013. §        Informational Annex prepared by the IMF. §        Public Information Notice (PIN) summarizing the views of the Executive Board as expressed during its January 23, 2013 discussion of the staff report that concluded the Article IV consultation. KEY ISSUES Context. Following buoyant economy activity in 2011, growth is moderating to potential, largely reflecting the lagged impact of countercyclical policies and weak external demand. Inflation remains subdued. A cabinet reshuffling in early September and ongoing peace negotiations have provided a renewed momentum … Continue reading COLOMBIA