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The Ministry of Finance and Economic Development (MFED, in Gilbertese, Botaki ibukin te mwane ao karikirake) is a government ministry of Kiribati, headquartered in South Tarawa. [1]
The Minister is responsible for: [2]
Kiribati, officially the Republic of Kiribati, is an island country in the Micronesia subregion of Oceania in the central Pacific Ocean. Its permanent population is over 119,000 as of the 2020 census, with more than half living on Tarawa atoll. The state comprises 32 atolls and one remote raised coral island, Banaba. Its total land area is 811 km2 (313 sq mi) dispersed over 3,441,810 km2 (1,328,890 sq mi) of ocean.
Kiribati is a full member of the Commonwealth, the IMF and the World Bank, and became a full member of the United Nations in 1999. Kiribati hosted the Thirty-First Pacific Islands Forum in October 2000. Kiribati has Least Developed Country Status and its interests rarely extend beyond the region. Through accession to the Lomé Convention, then Cotonou Agreement, Kiribati is also a member of the African Caribbean and Pacific Group. Kiribati maintains good relations with most countries and has particularly close ties to Pacific neighbours Japan, Australia, South Korea and New Zealand. Kiribati briefly suspended its relations with France in 1995 over that country's decision to renew nuclear testing in the South Pacific.
Tuvalu is a Polynesian island nation located in the Pacific Ocean, midway between Hawaii and Australia, with a population of 11,192 per the 2017 census. The economy of Tuvalu is constrained by its remoteness and lack of economies of scale. Government revenues largely come from fishing licences ; direct grants from international donors ; and income from the Tuvalu Trust Fund. The lease of its highly fortuitous .tv Top Level Domain (TLD) also contributes revenue. The sale of stamps since the independence of Tuvalu in 1976 has been an important source of revenue for the country and government. However, such revenue has significantly declined in recent years. Tuvalu has hardly any tourism. It has no tour guides, tour operators, or organised activities, and no cruise ships visit.
Manmohan Singh is an Indian retired politician, economist, academician and bureaucrat who served as the Prime Minister of India from 2004 to 2014. He is the fourth longest-serving prime minister after Jawaharlal Nehru, Indira Gandhi and Narendra Modi. A member of the Indian National Congress, Singh was the first Sikh prime minister of India. He was also the first prime minister since Jawaharlal Nehru to be re-elected after completing a full five-year term.
South Tarawa is the capital and hub of the Republic of Kiribati and home to more than half of Kiribati's population. The South Tarawa population centre consists of all the small islets from Betio in the west to Bonriki and Tanaea in the north-east, connected by the South Tarawa main road, with a population of 63,439 as of 2020.
Johannes Franciscus "Hans" Hoogervorst is a retired Dutch politician of the People's Party for Freedom and Democracy (VVD) and economist. He is the former chairman of the International Accounting Standards Board (IASB) from 1 July 2011 through 30 June 2021.
Seve Paeniu is a Tuvaluan politician. Paeniu was elected to the Parliament of Tuvalu in the 2019 Tuvaluan general election to represent the Nukulaelae electorate. He was appointed as the Minister of Finance in the Natano Ministry.
Helen Dolly Hughes was an Australian economist. She was Professor Emerita at the Australian National University, Canberra, and Senior Fellow at the Centre for Independent Studies, Sydney. Hughes has been described as Australia's greatest female economist.
The Royal Monetary Authority of Bhutan is the central bank of Bhutan and is a member of the Asian Clearing Union. It is also the minting authority for the Bhutanese Ngultrum. The Royal Monetary Authority of Bhutan was established under the Royal Monetary Authority of Bhutan Act of 1982. Subsequently, the Act of 1982 was amended by the Financial Institutions Act of 1992 and replaced in its entirety by the Royal Monetary Authority Act of 2010.
The National Reserve Bank of Tonga is the central bank of Tonga. The Reserve Bank is responsible for regulating the issue and supply of domestic and international currency, as well as promoting monetary stability and economic development. It also advises the Ministry of Finance on banking and monetary matters, acts as the principal banker and fiscal agent of the Government of Tonga, and is responsible for the licensing and supervision of financial institutions. The current Governor is Ngongo Kioa.
Ivan Mikloš is a Slovak politician and the former Minister of Finance of Slovakia (2010–2012). He previously served as Slovakia's Minister of Finance from 2002 to 2006, and Deputy Prime Minister for Economy between 1998 and 2002.
The Ministry of Finance is the cabinet-level ministry responsible for managing the financial affairs of the Government of Iraq. It formulates financial policies, receives and manages all revenues of the state, takes part in drafting the general budget bill, oversees government expenditure, and operates a number of agencies. The two largest banks in Iraq, namely Rafidain and Rasheed, as well several other enterprises, are operated by the Ministry of Finance. It publishes a monthly report called the Open Budget Survey.
The Cabinet of Kiribati is the cabinet of the government of the Republic of Kiribati.
The Republic of Kiribati's per capita Gross National Product of US$1,420 (2010) makes it the poorest country in Oceania. Phosphates had been profitably exported from Banaba Island since the turn of the 20th century, but the deposits were exhausted in 1979. The economy now depends on foreign assistance and revenue from fishing licenses to finance its imports and development budget.
Taomati T. Iuta was an I-Kiribati politician. He was Speaker of the House of Assembly of Kiribati for the Ninth Parliament (2011–2015). He was the vice president of Kiribati from 1991 to 1994.
Stadium diplomacy is a form of subsidy practiced by a nation through building and financing the construction of stadiums and sports facilities. China uses this form of soft power to secure diplomatic recognition in line with the One-China policy and to secure natural resources.
The Ministry of Finance, abbreviated MOF, is a ministry of the Government of Somalia that is charged with the responsibility for government expenditure and revenue raising. The ministry's role is to develop economic policy and prepare the federal budget. The Ministry of Finance also oversees financial legislation and regulation. Each year in October, the Minister of Finance presents the Somali federal budget to the Parliament.
Nelson Henrique Barbosa Filho is a Brazilian economist and professor of economics. From 21 December 2015 to 12 May 2016, he was Brazil's Minister of Finance.
India and Kiribati established diplomatic relations in 1985. The High Commission of India in Suva, Fiji is concurrently accredited to Kiribati. Kiribati maintains an Honorary Consulate in New Delhi.
Norma Timon Yeeting is a reproductive health advocate from Tarawa, Kiribati.