Hilde C. Bjørnland. BI Norwegian Business School. Advisory Panel on Macroeconomic Models and Methods Oslo, 27 November 2018

Save this PDF as:

Size: px
Start display at page:

Download "Hilde C. Bjørnland. BI Norwegian Business School. Advisory Panel on Macroeconomic Models and Methods Oslo, 27 November 2018"

Transcription

1 Discussion of OECD Deputy Secretary-General Ludger Schuknecht: The Consequences of Large Fiscal Consolidations: Why Fiscal Frameworks Must Be Robust to Risk Hilde C. Bjørnland BI Norwegian Business School Advisory Panel on Macroeconomic Models and Methods Oslo, 27 November 2018 Hilde C. Bjørnland Discussion of OECD FinDep / 10

2 Risk, uncertainty and resource rich economies How can fiscal frameworks be robust to risk? In resource rich economies? huge costs associated with the large and unpredictable swings in commodity prices if not well managed, the volatility can destabilize the domestic economy and undermine long-term growth. Management of resources v/s rule based fiscal policy Recent volatile periods are opportune moments to review how fiscal policy can be strengthened to manage risk. Hilde C. Bjørnland Discussion of OECD FinDep / 10

3 How does fiscal policy respond?... Evidence of procyclical fiscal policy, Figure I. Country correlations between the cyclical components of the real government expenditure and real GDP Switzerland Finland United Kingdom France Australia Austria Jamaica Sweden Congo, Dem. Rep. of Greece Sudan United States Kuwait Spain Japan Belgium Canada Italy Yemen Denmark Netherlands Korea Ireland Colombia Sri Lanka New Zealand El Salvador Uganda United Arab Emirates South Africa Panama Tanzania Mexico India Gambia Angola Brazil China Norway Zambia Thailand Honduras Egypt Bolivia Mozambique Ecuador Chile Uruguay Jordan Argentina Germany Haiti Congo, Rep. of Costa Rica Pakistan Indonesia Venezuela Hong Kong Ghana Libya Senegal Morocco Turkey Kenya Malaysia Tunisia Portugal Algeria Nicaragua Guatemala Togo Madagascar Philippines Iran Dominican Rep. Qatar Nigeria Bangladesh Côte d'ivoire Mali Bahrain Paraguay Myanmar Niger Peru Saudi Arabia Gabon Sierra Leone Oman Trinidad and Tobago Syrian Arab Rep. Cameroon Botswana Azerbaijan -1 Notes: Dark bars are OECD countries and light ones are non-oecd countries. The cyclical components have been estimated using the Hodrick-Prescott Filter. A positive (negative) correlation indicates procyclical (countercyclical) fiscal policy. Real government expenditure is defined as central government expenditure and net lending deflated by the GDP deflator. Source: World Economic Outlook and International Financial Statistics (IMF). Hilde C. Bjørnland Discussion of OECD FinDep / 10

4 ... to more countercyclical fiscal policy, Figure II. Country correlations between the cyclical components of the real government expenditure and real GDP United States Norway Bolivia Canada Australia Nigeria Malaysia Turkey Costa Rica Chile Saudi Arabia Spain Algeria Japan Finland Korea Hong Kong United Kingdom Zambia Syrian Arab Rep. Germany Ireland Botswana Denmark Libya Indonesia Austria Netherlands Philippines Brazil Belgium Côte d'ivoire Paraguay Italy United Arab Emirates Bahrain Yemen Morocco Oman El Salvador Uganda Argentina Egypt Cameroon France Ecuador Portugal Colombia Sudan Gambia Honduras Switzerland Greece Mozambique Sweden South Africa Kuwait Guatemala Madagascar Congo, Rep. of Gabon Thailand Mali Niger Pakistan Sierra Leone Haiti India Jamaica New Zealand Nicaragua Bangladesh Dominican Rep. Azerbaijan Angola Sri Lanka Qatar Ghana Venezuela Jordan China Trinidad and Tobago Tunisia Myanmar Kenya Senegal Iran Uruguay Togo Mexico Panama Congo, Dem. Peru Tanzania Notes: Dark bars are OECD countries and light ones are non-oecd countries. The cyclical components have been estimated using the Hodrick-Prescott Filter. A positive (negative) correlation indicates procyclical (countercyclical) fiscal policy. Real government expenditure is defined as central government expenditure and net lending deflated by the GDP deflator. Source: World Economic Outlook and International Financial Statistics (IMF). Hilde C. Bjørnland Discussion of OECD FinDep / 10

5 Commodity producers - key questions to answer Still... Countercyclical pattern could reflect the economic cycles - booming demand in the period Does the fiscal framework adopted in resource rich economy shelter the economies from commodity price fluctuations? The adoption of a fiscal framework is no proof in itself that fiscal policy works to insulate the economy from commodity price fluctuations Rule can be too lax, or rule is not followed Hilde C. Bjørnland Discussion of OECD FinDep / 10

6 Prime example - Norway Sovereign wealth fund established in the mid 1990s - all windfall gains saved in the fund Fiscal rule established government can on average spend 4 % of the fund (the expected real return) every year (reduced to 3%): 1 Smooth spending from the oil wealth. A gradual phase in should stabilise economic developments over time, thereby insulating the economy from Dutch disease 2 Stabilises the fiscal impulse over and above longer term smoothing by allowing deviations from the 4 percent rule to counteract large cyclical variations in economic activity or sharp swings in the value of the fund. Hilde C. Bjørnland Discussion of OECD FinDep / 10

7 Prime example - Norway - reconsidered Bjørnland and Thorsrud (2018) find that for Norway: Following an oil price shock, fiscal policy has become more (not less), pro-cyclical after the implementation of the fiscal rule BUT Following a global activity shock, the picture is somewhat more nuanced, with some components of public spending being counter-cyclical the last decade. Hilde C. Bjørnland Discussion of OECD FinDep / 10

8 Fiscal policy response (relative to GDP) to world demand shocks and oil price shocks World activity shock Oil price shock Source: Bjørnland and Thorsrud (2018). The figure reports the response, across time and horizons, of value added in the public sector relative to the GDP in the mainland economy. A value above zero indicates that the public sector responds more positively to the given shock than GDP mainland economy. Hilde C. Bjørnland Discussion of OECD FinDep / 10

9 Conclusions and policy recomodations Management of natural resource wealth should be seen as part of a strategy for sustainable, inclusive and broad based growth The goal of sheltering the economy from shocks, versus saving resource revenue for future usage. Trade off complex rules versus prudent spending Simple rules to avoid over-spending Hilde C. Bjørnland Discussion of OECD FinDep / 10

10 References I Bjørnland, H. C. and L. A. Thorsrud (2018). Commodity prices and fiscal policy design: Procyclical despite a rule. Journal of Applied Econometrics (forthcoming). Hilde C. Bjørnland Discussion of OECD FinDep / 10

The National Police Immigration Service (NPIS) forcibly returned 412 persons in December 2017, and 166 of these were convicted offenders.

The National Police Immigration Service (NPIS) forcibly returned 412 persons in December 2017, and 166 of these were convicted offenders. Monthly statistics December 2017: Forced returns from Norway The National Police Immigration Service (NPIS) forcibly returned 412 persons in December 2017, and 166 of these were convicted offenders. The

More information

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017

GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS WEF EXECUTIVE OPINION SURVEY RESULTS SEPTEMBER 2017 GLOBAL RISKS OF CONCERN TO BUSINESS Results from the World Economic Forum Executive Opinion Survey 2017 Survey and

More information

Proposed Indicative Scale of Contributions for 2016 and 2017

Proposed Indicative Scale of Contributions for 2016 and 2017 October 2015 E Item 16 of the Provisional Agenda SIXTH SESSION OF THE GOVERNING BODY Rome, Italy, 5 9 October 2015 Proposed Indicative Scale of Contributions for 2016 and 2017 Note by the Secretary 1.

More information

The Multidimensional Financial Inclusion MIFI 1

The Multidimensional Financial Inclusion MIFI 1 2016 Report Tracking Financial Inclusion The Multidimensional Financial Inclusion MIFI 1 Financial Inclusion Financial inclusion is an essential ingredient of economic development and poverty reduction

More information

Country pairings for the second cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption

Country pairings for the second cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption Country pairings for the second cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption In year 1, a total of 29 reviews will be conducted: Regional

More information

REGIONAL INTEGRATION IN THE AMERICAS: THE IMPACT OF THE GLOBAL ECONOMIC CRISIS

REGIONAL INTEGRATION IN THE AMERICAS: THE IMPACT OF THE GLOBAL ECONOMIC CRISIS REGIONAL INTEGRATION IN THE AMERICAS: THE IMPACT OF THE GLOBAL ECONOMIC CRISIS Conclusions, inter-regional comparisons, and the way forward Barbara Kotschwar, Peterson Institute for International Economics

More information

World Refugee Survey, 2001

World Refugee Survey, 2001 World Refugee Survey, 2001 Refugees in Africa: 3,346,000 "Host" Country Home Country of Refugees Number ALGERIA Western Sahara, Palestinians 85,000 ANGOLA Congo-Kinshasa 12,000 BENIN Togo, Other 4,000

More information

Contracting Parties to the Ramsar Convention

Contracting Parties to the Ramsar Convention Contracting Parties to the Ramsar Convention 14/12/2016 Number of Contracting Parties: 169 Country Entry into force Notes Albania 29.02.1996 Algeria 04.03.1984 Andorra 23.11.2012 Antigua and Barbuda 02.10.2005

More information

Collective Intelligence Daudi Were, Project

Collective Intelligence Daudi Were, Project Collective Intelligence Daudi Were, Project Director, @mentalacrobatic Kenya GDP 2002-2007 Kenya General Election Day 2007 underreported unreported Elections UZABE - Nigerian General Election - 2015

More information

Geoterm and Symbol Definition Sentence. consumption. developed country. developing country. gross domestic product (GDP) per capita

Geoterm and Symbol Definition Sentence. consumption. developed country. developing country. gross domestic product (GDP) per capita G E O T E R M S Read Sections 1 and 2. Then create an illustrated dictionary of the Geoterms by completing these tasks: Create a symbol or an illustration to represent each term. Write a definition of

More information

LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China *

LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China * ANNEX 1 LIST OF CHINESE EMBASSIES OVERSEAS Extracted from Ministry of Foreign Affairs of the People s Republic of China * ASIA Chinese Embassy in Afghanistan Chinese Embassy in Bangladesh Chinese Embassy

More information

A Partial Solution. To the Fundamental Problem of Causal Inference

A Partial Solution. To the Fundamental Problem of Causal Inference A Partial Solution To the Fundamental Problem of Causal Inference Some of our most important questions are causal questions. 1,000 5,000 10,000 50,000 100,000 10 5 0 5 10 Level of Democracy ( 10 = Least

More information

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle In the first year, a total of 29 reviews will be conducted.

More information

SCALE OF ASSESSMENT OF MEMBERS' CONTRIBUTIONS FOR 1994

SCALE OF ASSESSMENT OF MEMBERS' CONTRIBUTIONS FOR 1994 International Atomic Energy Agency GENERAL CONFERENCE Thirtyseventh regular session Item 13 of the provisional agenda [GC(XXXVII)/1052] GC(XXXVII)/1070 13 August 1993 GENERAL Distr. Original: ENGLISH SCALE

More information

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle

Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle Mechanism for the Review of Implementation of the United Nations Convention against Corruption: country pairings for the second review cycle In the first year, a total of 29 reviews will be conducted.

More information

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010

Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share of Countries over 1/3 Urbanized, by GDP per Capita (2012 $) 1960 and 2010 Share Urbanized 0.2.4.6.8 1 $0-1000 $1000-2000 $2000-3000 $3000-4000 $4000-5000 1960 2010 Source: World Bank Welfare Economics

More information

2018 Social Progress Index

2018 Social Progress Index 2018 Social Progress Index The Social Progress Index Framework asks universally important questions 2 2018 Social Progress Index Framework 3 Our best index yet The Social Progress Index is an aggregate

More information

Income and Population Growth

Income and Population Growth Supplementary Appendix to the paper Income and by Markus Brueckner and Hannes Schwandt November 2013 downloadable from: https://sites.google.com/site/markusbrucknerresearch/research-papers Table of Contents

More information

LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018)

LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018) ICSID/3 LIST OF CONTRACTING STATES AND OTHER SIGNATORIES OF THE CONVENTION (as of January 11, 2018) The 162 States listed below have signed the Convention on the Settlement of Investment Disputes between

More information

Country pairings for the first cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption

Country pairings for the first cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption Country pairings for the first cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption YEAR 1 Group of African States Zambia Zimbabwe Italy Uganda Ghana

More information

Regional Scores. African countries Press Freedom Ratings 2001

Regional Scores. African countries Press Freedom Ratings 2001 Regional Scores African countries Press Freedom 2001 Algeria Angola Benin Botswana Burkina Faso Burundi Cape Verde Cameroon Central African Republic Chad Comoros Congo (Brazzaville) Congo (Kinshasa) Cote

More information

Copyright Act - Subsidiary Legislation CHAPTER 311 COPYRIGHT ACT. SUBSIDIARY LEGlSLA non. List o/subsidiary Legislation

Copyright Act - Subsidiary Legislation CHAPTER 311 COPYRIGHT ACT. SUBSIDIARY LEGlSLA non. List o/subsidiary Legislation Copyright Act - Subsidiary Legislation CAP. 311 CHAPTER 311 COPYRIGHT ACT SUBSIDIARY LEGlSLA non List o/subsidiary Legislation Page I. Copyright (Specified Countries) Order... 83 81 [Issue 1/2009] LAWS

More information

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25

AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 19 July 2013 AUSTRALIA S REFUGEE RESPONSE NOT THE MOST GENEROUS BUT IN TOP 25 Australia is not the world s most generous country in its response to refugees but is just inside the top 25, according to

More information

Human Resources in R&D

Human Resources in R&D NORTH AMERICA AND WESTERN EUROPE EAST ASIA AND THE PACIFIC CENTRAL AND EASTERN EUROPE SOUTH AND WEST ASIA LATIN AMERICA AND THE CARIBBEAN ARAB STATES SUB-SAHARAN AFRICA CENTRAL ASIA 1.8% 1.9% 1. 1. 0.6%

More information

Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption

Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption In the first year, a total of 27 reviews will be conducted.

More information

HUMAN RESOURCES IN R&D

HUMAN RESOURCES IN R&D HUMAN RESOURCES IN R&D This fact sheet presents the latest UIS S&T data available as of July 2011. Regional density of researchers and their field of employment UIS Fact Sheet, August 2011, No. 13 In the

More information

Global Prevalence of Adult Overweight & Obesity by Region

Global Prevalence of Adult Overweight & Obesity by Region Country Year of Data Collection Global Prevalence of Adult Overweight & Obesity by Region National /Regional Survey Size Age Category % BMI 25-29.9 %BMI 30+ % BMI 25- %BMI 30+ 29.9 European Region Albania

More information

Country pairings for the second review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption

Country pairings for the second review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption Country pairings for the second review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption In the first year, a total of 29 reviews will be conducted.

More information

SEVERANCE PAY POLICIES AROUND THE WORLD

SEVERANCE PAY POLICIES AROUND THE WORLD SEVERANCE PAY POLICIES AROUND THE WORLD SEVERANCE PAY POLICIES AROUND THE WORLD No one likes to dwell on lay-offs and terminations, but severance policies are a major component of every HR department s

More information

Good Sources of International News on the Internet are: ABC News-

Good Sources of International News on the Internet are: ABC News- Directions: AP Human Geography Summer Assignment Ms. Abruzzese Part I- You are required to find, read, and write a description of 5 current events pertaining to a country that demonstrate the IMPORTANCE

More information

Middle School Level. Middle School Section I

Middle School Level. Middle School Section I 017 Montessori Model UN New York Conference Matrix DISEC ECOFIN SOCHUM LEGAL SPECPOL UNGA5 UNSC Japan 14 People s Republic of China 14 Republic of Angola 14 Republic of France 14 Russian Federation 14

More information

Diplomatic Conference to Conclude a Treaty to Facilitate Access to Published Works by Visually Impaired Persons and Persons with Print Disabilities

Diplomatic Conference to Conclude a Treaty to Facilitate Access to Published Works by Visually Impaired Persons and Persons with Print Disabilities E VIP/DC/7 ORIGINAL: ENGLISH DATE: JUNE 21, 2013 Diplomatic Conference to Conclude a Treaty to Facilitate Access to Published Works by Visually Impaired Persons and Persons with Print Disabilities Marrakech,

More information

PROTOCOL RELATING TO AN AMENDMENT TO THE CONVENTION ON INTERNATIONAL CIVIL AVIATION ARTICLE 45, SIGNED AT MONTREAL ON 14 JUNE parties.

PROTOCOL RELATING TO AN AMENDMENT TO THE CONVENTION ON INTERNATIONAL CIVIL AVIATION ARTICLE 45, SIGNED AT MONTREAL ON 14 JUNE parties. PROTOCOL RELATING TO AN AMENDMENT TO THE CONVENTION ON INTERNATIONAL CIVIL AVIATION ARTICLE 45, SIGNED AT MONTREAL ON 14 JUNE 1954 State Entry into force: The Protocol entered into force on 16 May 1958.

More information

Charting Cambodia s Economy, 1H 2017

Charting Cambodia s Economy, 1H 2017 Charting Cambodia s Economy, 1H 2017 Designed to help executives interpret economic numbers and incorporate them into company s planning. Publication Date: January 3 rd, 2017 HELPING EXECUTIVES AROUND

More information

Proforma Cost for national UN Volunteers for UN Partner Agencies

Proforma Cost for national UN Volunteers for UN Partner Agencies Proforma Cost for national UN Volunteers for UN Partner Agencies - 2017 Country of Assignment National UN Volunteers (12 months) In US$ National UN Youth Volunteers (12 months) In US$ National University

More information

GUIDELINE OF COMMITTEES IN TASHKENT MODEL UNITED NATIONS CONFERENCE 2019

GUIDELINE OF COMMITTEES IN TASHKENT MODEL UNITED NATIONS CONFERENCE 2019 GUIDELINE OF COMMITTEES IN TASHKENT MODEL UNITED NATIONS CONFERENCE 2019 THIS DOCUMENT IS A PROPERTY OF WIUT IMUN SOCIETY 2018-2019. Note that all information on these papers can be subject to change.

More information

Figure 2: Range of scores, Global Gender Gap Index and subindexes, 2016

Figure 2: Range of scores, Global Gender Gap Index and subindexes, 2016 Figure 2: Range of s, Global Gender Gap Index and es, 2016 Global Gender Gap Index Yemen Pakistan India United States Rwanda Iceland Economic Opportunity and Participation Saudi Arabia India Mexico United

More information

Delays in the registration process may mean that the real figure is higher.

Delays in the registration process may mean that the real figure is higher. Monthly statistics December 2013: Forced returns from Norway The National Police Immigration Service (NPIS) forcibly returned 483 persons in December 2013. 164 of those forcibly returned in December 2013

More information

FREEDOM OF THE PRESS 2008

FREEDOM OF THE PRESS 2008 FREEDOM OF THE PRESS 2008 Table of Global Press Freedom Rankings 1 Finland 9 Free Iceland 9 Free 3 Denmark 10 Free Norway 10 Free 5 Belgium 11 Free Sweden 11 Free 7 Luxembourg 12 Free 8 Andorra 13 Free

More information

Table of country-specific HIV/AIDS estimates and data, end 2001

Table of country-specific HIV/AIDS estimates and data, end 2001 Report on the global HIV/AIDS epidemic 2002 Table of country-specific HIV/AIDS estimates and data, end 2001 Global surveillance of HIV/AIDS and sexually transmitted infections (STIs) is a joint effort

More information

Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption

Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption Country pairings for the first review cycle of the Mechanism for the Review of Implementation of the United Nations Convention against Corruption In the first year, a total of 27 reviews will be conducted.

More information

CAC/COSP/IRG/2018/CRP.9

CAC/COSP/IRG/2018/CRP.9 29 August 2018 English only Implementation Review Group First resumed ninth session Vienna, 3 5 September 2018 Item 2 of the provisional agenda Review of the implementation of the United Nations Convention

More information

2017 Social Progress Index

2017 Social Progress Index 2017 Social Progress Index Central Europe Scorecard 2017. For information, contact Deloitte Touche Tohmatsu Limited In this pack: 2017 Social Progress Index rankings Country scorecard(s) Spotlight on indicator

More information

Status of National Reports received for the United Nations Conference on Housing and Sustainable Urban Development (Habitat III)

Status of National Reports received for the United Nations Conference on Housing and Sustainable Urban Development (Habitat III) 1 Afghanistan In progress Established 2 Albania 3 Algeria In progress 4 Andorra 5 Angola Draft received Established 6 Antigua and Barbuda 7 Argentina In progress 8 Armenia Draft in progress Established

More information

Proforma Cost for National UN Volunteers for UN Partner Agencies for National UN. months) Afghanistan 14,030 12,443 4,836

Proforma Cost for National UN Volunteers for UN Partner Agencies for National UN. months) Afghanistan 14,030 12,443 4,836 Proforma Cost for National UN Volunteers for UN Partner Agencies for 2018 Country of Assignment National UN Volunteers (12 months) National UN Youth Volunteers (12 months) National University Volunteers

More information

VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD

VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD VACATION AND OTHER LEAVE POLICIES AROUND THE WORLD AT A GLANCE ORDER ONLINE GEOGRAPHY 47 COUNTRIES COVERED 5 REGIONS 48 MARKETS Americas Asia Pacific

More information

( ) Page: 1/12 STATUS OF NOTIFICATIONS OF NATIONAL LEGISLATION ON CUSTOMS VALUATION AND RESPONSES TO THE CHECKLIST OF ISSUES

( ) Page: 1/12 STATUS OF NOTIFICATIONS OF NATIONAL LEGISLATION ON CUSTOMS VALUATION AND RESPONSES TO THE CHECKLIST OF ISSUES 25 October 2017 (17-5787) Page: 1/12 Committee on Customs Valuation STATUS OF NOTIFICATIONS OF NATIONAL LEGISLATION ON CUSTOMS VALUATION AND RESPONSES TO THE CHECKLIST OF ISSUES NOTE BY THE SECRETARIAT

More information

Return of convicted offenders

Return of convicted offenders Monthly statistics December : Forced returns from Norway The National Police Immigration Service (NPIS) forcibly returned 869 persons in December, and 173 of these were convicted offenders. The NPIS forcibly

More information

The NPIS is responsible for forcibly returning those who are not entitled to stay in Norway.

The NPIS is responsible for forcibly returning those who are not entitled to stay in Norway. Monthly statistics December 2014: Forced returns from Norway The National Police Immigration Service (NPIS) forcibly returned 532 persons in December 2014. 201 of these returnees had a criminal conviction

More information

World Heritage UNITED NATIONS EDUCATIONAL, SCIENTIFIC AND CULTURAL ORGANIZATION

World Heritage UNITED NATIONS EDUCATIONAL, SCIENTIFIC AND CULTURAL ORGANIZATION World Heritage Distribution limited 4 GA WHC-03/4.GA/INF.9A Paris, 4 August 2003 Original : English/French UNITED NATIONS EDUCATIONAL, SCIENTIFIC AND CULTURAL ORGANIZATION FOURTEENTH GENERAL ASSEMBLY OF

More information

STATUS OF THE CONVENTION ON THE PROHIBITION OF THE DEVELOPMENT, PRODUCTION, STOCKPILING AND USE OF CHEMICAL WEAPONS AND ON THEIR DESTRUCTION

STATUS OF THE CONVENTION ON THE PROHIBITION OF THE DEVELOPMENT, PRODUCTION, STOCKPILING AND USE OF CHEMICAL WEAPONS AND ON THEIR DESTRUCTION OPCW Technical Secretariat S/6/97 4 August 1997 ENGLISH: Only STATUS OF THE CONVENTION ON THE PROHIBITION OF THE DEVELOPMENT, PRODUCTION, STOCKPILING AND USE OF CHEMICAL WEAPONS AND ON THEIR DESTRUCTION

More information

GLOBAL PRESS FREEDOM RANKINGS

GLOBAL PRESS FREEDOM RANKINGS GLOBAL PRESS FREEDOM RANKINGS 1 Finland 10 Free 2 Norway 11 Free Sweden 11 Free 4 Belgium 12 Free Iceland 12 Free Luxembourg 12 Free 7 Andorra 13 Free Denmark 13 Free Switzerland 13 Free 10 Liechtenstein

More information

Countries for which a visa is required to enter Colombia

Countries for which a visa is required to enter Colombia Albania EASTERN EUROPE Angola SOUTH AFRICA Argelia (***) Argentina SOUTH AMERICA Australia OCEANIA Austria Azerbaijan(**) EURASIA Bahrain MIDDLE EAST Bangladesh SOUTH ASIA Barbados CARIBBEAN AMERICA Belgium

More information

Translation from Norwegian

Translation from Norwegian Statistics for May 2018 Forced returns from Norway The National Police Immigration Service (NPIS) forcibly returned 402 persons in May 2018, and 156 of these were convicted offenders. The NPIS is responsible

More information

The Conference Board Total Economy Database Summary Tables November 2016

The Conference Board Total Economy Database Summary Tables November 2016 The Conference Board Total Economy Database Summary Tables November 2016 About This document contains a number of tables and charts outlining the most important trends from the latest update of the Total

More information

India, Bangladesh, Bhutan, Nepal and Sri Lanka: Korea (for vaccine product only):

India, Bangladesh, Bhutan, Nepal and Sri Lanka: Korea (for vaccine product only): Asia Pacific Local Safety Office Australia & New Zealand: LSO_aust@its.jnj.com China: XJPADEDESK@ITS.JNJ.COM Hong Kong & Machu: drugsafetyhk@its.jnj.com India, Bangladesh, Bhutan, Nepal and Sri Lanka:

More information

TAKING HAPPINESS SERIOUSLY

TAKING HAPPINESS SERIOUSLY TAKING HAPPINESS SERIOUSLY FLACSO-INEGI seminar Mexico City, April 18, 2013 John Helliwell Canadian Institute for Advanced Research and Vancouver School of Economics, UBC In collaboration with Shun Wang,

More information

2017 BWC Implementation Support Unit staff costs

2017 BWC Implementation Support Unit staff costs 2017 BWC Implementation Support Unit staff costs Estimated cost : $779,024.99 Umoja Internal Order No: 11602585 Percentage of UN Prorated % of Assessed A. States Parties 1 Afghanistan 0.006 0.006 47.04

More information

The National Police Immigration Service (NPIS) returned 444 persons in August 2018, and 154 of these were convicted offenders.

The National Police Immigration Service (NPIS) returned 444 persons in August 2018, and 154 of these were convicted offenders. Monthly statistics August 2018 Forced returns from Norway The National Police Immigration Service (NPIS) returned 444 persons in August 2018, and 154 of these were convicted offenders. The NPIS is responsible

More information

Voluntary Scale of Contributions

Voluntary Scale of Contributions CFS Bureau and Advisory Group meeting Date: 3 May 2017 German Room, FAO, 09.30-12.30 and 14.00-16.00 Voluntary Scale of Contributions In the 9 March meeting on CFS sustainable funding, some members expressed

More information

Rule of Law Index 2019 Insights

Rule of Law Index 2019 Insights World Justice Project Rule of Law Index 2019 Insights Highlights and data trends from the WJP Rule of Law Index 2019 Trinidad & Tobago Tunisia Turkey Uganda Ukraine United Arab Emirates United Kingdom

More information

Millennium Profiles Demographic & Social Energy Environment Industry National Accounts Trade. Social indicators. Introduction Statistics

Millennium Profiles Demographic & Social Energy Environment Industry National Accounts Trade. Social indicators. Introduction Statistics 1 of 5 10/2/2008 10:16 AM UN Home Department of Economic and Social Affairs Economic and Social Development Home UN logo Statistical Division Search Site map About us Contact us Millennium Profiles Demographic

More information

CENTRAL AMERICA AND THE CARIBBEAN

CENTRAL AMERICA AND THE CARIBBEAN CENTRAL AMERICA AND THE CARIBBEAN Antigua and Barbuda No Visa needed Visa needed Visa needed No Visa needed Bahamas No Visa needed Visa needed Visa needed No Visa needed Barbados No Visa needed Visa needed

More information

MIGRATION IN SPAIN. "Facebook or face to face? A multicultural exploration of the positive and negative impacts of

MIGRATION IN SPAIN. Facebook or face to face? A multicultural exploration of the positive and negative impacts of "Facebook or face to face? A multicultural exploration of the positive and negative impacts of Science and technology on 21st century society". MIGRATION IN SPAIN María Maldonado Ortega Yunkai Lin Gerardo

More information

Country Participation

Country Participation Country Participation IN ICP 2003 2006 The current round of the International Comparison Program is the most complex statistical effort yet providing comparable data for about 150 countries worldwide.

More information

A Practical Guide To Patent Cooperation Treaty (PCT)

A Practical Guide To Patent Cooperation Treaty (PCT) A Practical Guide To Patent Cooperation Treaty (PCT) Summary of PCT System The PCT system is a patent filing system, not a patent granting system. There is no PCT patent. The PCT system provides for: an

More information

Japan s s Strategy for Regional Trade Agreements

Japan s s Strategy for Regional Trade Agreements Japan s s Strategy for Regional Trade Agreements JEF-AIM Symposium February, 4, 2005, Manila Yasuo Tanabe Vice President, RIETI (This Paper is based on METI, but rearranged by the author. It is the author

More information

IMO MANDATORY REPORTS UNDER MARPOL. Analysis and evaluation of deficiency reports and mandatory reports under MARPOL for Note by the Secretariat

IMO MANDATORY REPORTS UNDER MARPOL. Analysis and evaluation of deficiency reports and mandatory reports under MARPOL for Note by the Secretariat INTERNATIONAL MARITIME ORGANIZATION E IMO SUB-COMMITTEE ON FLAG STATE IMPLEMENTATION 16th session Agenda item 4 FSI 16/4 25 February 2008 Original: ENGLISH MANDATORY REPORTS UNDER MARPOL Analysis and evaluation

More information

TD/B/Inf.222. United Nations Conference on Trade and Development. Membership of UNCTAD and membership of the Trade and Development Board

TD/B/Inf.222. United Nations Conference on Trade and Development. Membership of UNCTAD and membership of the Trade and Development Board United Nations United Nations Conference on Trade and Development Distr.: General 9 August 2011 Original: English TD/B/Inf.222 Trade and Development Board Membership of UNCTAD and membership of the Trade

More information

Overview of the status of UNCITRAL Conventions and Model Laws x = ratification, accession or enactment s = signature only

Overview of the status of UNCITRAL Conventions and Model Laws x = ratification, accession or enactment s = signature only = ratification, accession or enactment Echange and International Afghanistan Albania Algeria Andorra Angola Antigua and Barbuda Argentina Armenia s Australia s 3 Austria Azerbaijan Bahamas Bahrain Bangladesh

More information

More information is available at Please address your inquiries to

More information is available at  Please address your inquiries to 2 - WORLD ENERGY PRICES (2018 edition) This overview presents a short selection of data from the first release of the World Energy Prices database of the International Energy Agency (May 2018). This database

More information

AMNESTY INTERNATIONAL REPORT 1997

AMNESTY INTERNATIONAL REPORT 1997 EMBARGOED UNTIL 0001 HRS GMT, WEDNESDAY 18 JUNE 1997 AMNESTY INTERNATIONAL REPORT 1997 Annual Report Statistics 1997 AI INDEX: POL 10/05/97 NOTE TO EDITORS: The following statistics on human rights abuses

More information

KYOTO PROTOCOL STATUS OF RATIFICATION

KYOTO PROTOCOL STATUS OF RATIFICATION KYOTO PROTOCOL STATUS OF RATIFICATION Notes: R = Ratification At = Acceptance Ap = Approval Ac = Accession 1. ALBANIA ----- 01/04/05 (Ac) 30/06/05 2. ALGERIA ---- 16/02/05 (Ac) 17/05/05 3. ANTIGUA AND

More information

NAP Global Network. Where We Work. April 2018

NAP Global Network. Where We Work. April 2018 NAP Global Network Where We Work April 2018 Countries Where Network Participants Are Based Participants from 106 countries around the world have signed up to take part in the NAP Global Network. These

More information

REPORT OF THE FOURTH SPECIAL SESSION OF THE CONFERENCE OF THE STATES PARTIES

REPORT OF THE FOURTH SPECIAL SESSION OF THE CONFERENCE OF THE STATES PARTIES OPCW Conference of the States Parties Fourth Special Session C-SS-4/3 26 and 27 June 2018 27 June 2018 Original: ENGLISH REPORT OF THE FOURTH SPECIAL SESSION OF THE CONFERENCE OF THE STATES PARTIES 1.

More information

A) List of third countries whose nationals must be in possession of visas when crossing the external borders. 1. States

A) List of third countries whose nationals must be in possession of visas when crossing the external borders. 1. States Lists of third countries whose nationals must be in possession of visas when crossing the external borders and of those whose nationals are exempt from that requirement A) List of third countries whose

More information

CORRUPTION PERCEPTIONS INDEX 2013.

CORRUPTION PERCEPTIONS INDEX 2013. CORRUPTION PERCEPTIONS INDEX 13. Transparency International is the global civil society organisation leading the fight against corruption. Through more than 90 chapters worldwide and an international secretariat

More information

CORRUPTION PERCEPTIONS INDEX 2013.

CORRUPTION PERCEPTIONS INDEX 2013. CORRUPTION PERCEPTIONS INDEX 13. Transparency International is the global civil society organisation leading the fight against corruption. Through more than 90 chapters worldwide and an international secretariat

More information

INCOME AND EXIT TO ARGENTINA

INCOME AND EXIT TO ARGENTINA 05/17/2017 INCOME AND EXIT TO ARGENTINA COUNTRIES ORDINARY PASSPORT (TURIST) OTHER PASSPORT (DIPLOMA/SERVICE) AFGHANISTAN Required Visa Required Visa ALBANIA Required Visa No Visa Required ALGERIA Required

More information

Cotton: World Markets and Trade

Cotton: World Markets and Trade United States Department of Agriculture Foreign Agricultural Service Circular Series FOP - November Cotton: World Markets and Trade Peru Cotton Production, Consumption and Imports Lb. Bales Production

More information

CRS Report for Congress Received through the CRS Web

CRS Report for Congress Received through the CRS Web Order Code RL30931 CRS Report for Congress Received through the CRS Web Military Spending by Foreign Nations: Data from Selected Public Sources April 6, 2001 Mary T. Tyszkiewicz Analyst in National Foreign

More information

My Voice Matters! Plain-language Guide on Inclusive Civic Engagement

My Voice Matters! Plain-language Guide on Inclusive Civic Engagement My Voice Matters! Plain-language Guide on Inclusive Civic Engagement A guide for people with intellectual disabilities on the right to vote and have a say on the laws and policies in their country INCLUSION

More information

1 THICK WHITE SENTRA; SIDES AND FACE PAINTED TO MATCH WALL PAINT: GRAPHICS DIRECT PRINTED TO SURFACE; CLEAT MOUNT TO WALL CRITICAL INSTALL POINT

1 THICK WHITE SENTRA; SIDES AND FACE PAINTED TO MATCH WALL PAINT: GRAPHICS DIRECT PRINTED TO SURFACE; CLEAT MOUNT TO WALL CRITICAL INSTALL POINT Map Country Panels 1 THICK WHITE SENTRA; SIDES AND FACE PAINTED TO MATCH WALL PAINT: GRAPHICS DIRECT PRINTED TO SURFACE; CLEAT MOUNT TO WALL CRITICAL INSTALL POINT GRAPHICS PRINTED DIRECT TO WHITE 1 THICK

More information

REINVENTION WITH INTEGRITY

REINVENTION WITH INTEGRITY REINVENTION WITH INTEGRITY Using the UN Convention against Corruption as a Basis for Good Governance Regional Forum on Reinventing Government in Asia Jakarta, Indonesia November, 2007 The Integrity Irony

More information

Global Variations in Growth Ambitions

Global Variations in Growth Ambitions Global Variations in Growth Ambitions Donna Kelley, Babson College 7 th Annual GW October Entrepreneurship Conference World Bank, Washington DC October 13, 216 Wide variation in entrepreneurship rates

More information

The World s Most Generous Countries

The World s Most Generous Countries The World s Most Generous Countries Copyright Standards This document contains proprietary research, copyrighted and trademarked materials of Gallup, Inc. Accordingly, international and domestic laws and

More information

CORRUPTION PERCEPTIONS INDEX 2012.

CORRUPTION PERCEPTIONS INDEX 2012. CORRUPTION PERCEPTIONS INDEX 2012. Transparency International is the global civil society organisation leading the fight against corruption. Through more than 90 chapters worldwide and an international

More information

UNHCR, United Nations High Commissioner for Refugees

UNHCR, United Nations High Commissioner for Refugees States Parties to the 1951 Convention relating to the Status of Refugees and the 1967 Protocol Date of entry into force: 22 April 1954 (Convention) 4 October 1967 (Protocol) As of 1 February 2004 Total

More information

Corruption continues to deprive societies around the world

Corruption continues to deprive societies around the world PRESS RELEASE This is Passau University s press release on the Corruption Perceptions Index 2004. Please also obtain the official press release by Transparency International at: transparency.org/surveys/index.html#cpi

More information

A) List of third countries whose nationals must be in possession of visas when crossing the external borders. 1. States

A) List of third countries whose nationals must be in possession of visas when crossing the external borders. 1. States Lists of third countries whose nationals must be in possession of visas when crossing the external borders and of those whose nationals are exempt from that requirement A) List of third countries whose

More information

The requirements for the different countries may be found on the Bahamas official web page at:

The requirements for the different countries may be found on the Bahamas official web page at: Visa requirements Participants who require a visa to enter the Bahamas should apply for a visa at the nearest consulate or embassy of the Bahamas in their country. There are several Bahamas embassies and

More information

INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944

INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944 INTERNATIONAL AIR SERVICES TRANSIT AGREEMENT SIGNED AT CHICAGO ON 7 DECEMBER 1944 State Entry into force: The Agreement entered into force on 30 January 1945. Status: 131 Parties. This list is based on

More information

APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM

APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM 1 APPENDIX 1: MEASURES OF CAPITALISM AND POLITICAL FREEDOM All indicators shown below were transformed into series with a zero mean and a standard deviation of one before they were combined. The summary

More information

Personnel. Staffing of the Agency's Secretariat

Personnel. Staffing of the Agency's Secretariat International Atomic Energy Agency Board of Governors General Conference GOV/2005/54-GC(49)/4 Date: 9 August 2005 General Distribution Original: English For official use only Item 7(b)(i) of the Board's

More information

Proforma Cost Overview for national UN Volunteers for UN Peace Operations (DPA/DPKO)

Proforma Cost Overview for national UN Volunteers for UN Peace Operations (DPA/DPKO) Proforma Cost Overview 2018-2019 for national UN for UN Peace Operations (DPA/DPKO) UN UN 1 Afghanistan 11,513 10,023 3,469 4,307 12,318 10,475 3,477 4,557 2 Albania (1)* 19,856 16,459 5,794 7,168 20,976

More information

Committee for Development Policy Seventh Session March 2005 PURCHASING POWER PARITY (PPP) Note by the Secretariat

Committee for Development Policy Seventh Session March 2005 PURCHASING POWER PARITY (PPP) Note by the Secretariat Committee for Development Policy Seventh Session 14-18 March 2005 PURCHASING POWER PARITY (PPP) Note by the Secretariat This note provides extracts from the paper entitled: Purchasing Power Parity (PPP)

More information

The International Investment Index Report IIRC, Wuhan University

The International Investment Index Report IIRC, Wuhan University The International Investment Index Report -14, Wuhan University The International Investment Index Report for to 14 Make international investment simple Introduction International investment continuously

More information

The Henley & Partners - Kochenov GENERAL RANKING

The Henley & Partners - Kochenov GENERAL RANKING The Henley & Partners - Kochenov GENERAL RANKING Nationalities of the World in Henley & Partners Kochenov Quality of Index 2 nd Edition Nationalities of the World in The QNI General Ranking 2015-2012-

More information

58 Kuwait 83. Macao (SAR China) Maldives. 59 Nauru Jamaica Botswana Bolivia 77. Qatar. 63 Bahrain 75. Namibia.

58 Kuwait 83. Macao (SAR China) Maldives. 59 Nauru Jamaica Botswana Bolivia 77. Qatar. 63 Bahrain 75. Namibia. Rank Passport Score 1 Germany 177 13 Estonia 165 36 Grenada 127 58 Kuwait 83 Morocco Equatorial Guinea 2 Singapore 176 14 Poland 163 Macao (SAR China) Maldives Zimbabwe Laos 3 Denmark 175 15 Monaco 162

More information

Transparency International Corruption Perceptions Index 2014

Transparency International Corruption Perceptions Index 2014 Transparency International Corruption Perceptions Index 2014 Contents Corruption Perceptions Index 2014 1 175 countries. 175 scores. How does your country measure up? 2 Results by region 4 Country contrast

More information