Small Countries Financial Management Centre
Encyclopedia
SMALL COUNTRIES FINANCIAL MANAGEMENT CENTRE
The Small Countries Financial Management Centre is a charity which was established in June 2009. It is, in effect, a "micro multilateral" body whose purpose is to help to contribute to the growth and prosperity of small states through capacity building in the government financial sector.
The countries involved (mainly those with a population of under 1.5 million) are:
Antigua and Barbuda,
Barbados,
Belize,
Bhutan,
Botswana,
Cook Islands,
Dominica,
Fiji,
The Gambia,
Grenada,
Jamaica,
Kiribati,
Lesotho,
Maldives,
Marshall Islands,
Mauritius,
Montenegro,
Namibia,
St. Kitts and Nevis,
St. Vincent and the Grenadines,
Saint Lucia,
Seychelles,
Timor-Leste,
Tonga,
Papua New Guinea,
Samoa,
Solomon Islands,
Swaziland,
Vanuatu.
The Centre is located at the Isle of Man International Business School
. Its Executive Director is a former World Bank Chief Spokesman Tim Cullen. Cullen, a Commissioner on the Isle of Man Financial Supervision Commission and an Associate Fellow at Oxford University's Said Business School
was instrumental in creating the Centre’s Small Countries Financial Management Programme (SCFMP), an initiative which brings together officials from an extremely diverse range of small countries. Participants come from finance ministries, central banks and regulatory bodies. The programme offers a support mechanism through which they can exchange ideas, share their own countries’ challenges and give each other practical assistance. The acquisition of negotiation skills is a priority, and participants learn from leading practitioners and professors.
Partners of the Centre include the Isle of Man Government
, the World Bank
the Commonwealth Secretariat
, and the Small States Network for Economic Development
. Initial funding was provided by the Isle of Man Government.
The Centre’s inaugural nine day programme, designed and directed by Ron Emerson took place in September 2009 at both the Isle of Man International Business School and Oxford University, and continues, covering key issues such as risk assessment, management and regulation, debt and cash management, and regulatory collaboration. The 2011 Programme was held in the Isle of Man
and at St. Catherine's College, Oxford and was directed by Alison McQuater.
The Small Countries Financial Management Centre is a charity which was established in June 2009. It is, in effect, a "micro multilateral" body whose purpose is to help to contribute to the growth and prosperity of small states through capacity building in the government financial sector.
The countries involved (mainly those with a population of under 1.5 million) are:
Antigua and Barbuda,
Barbados,
Belize,
Bhutan,
Botswana,
Cook Islands,
Dominica,
Fiji,
The Gambia,
Grenada,
Jamaica,
Kiribati,
Lesotho,
Maldives,
Marshall Islands,
Mauritius,
Montenegro,
Namibia,
St. Kitts and Nevis,
St. Vincent and the Grenadines,
Saint Lucia,
Seychelles,
Timor-Leste,
Tonga,
Papua New Guinea,
Samoa,
Solomon Islands,
Swaziland,
Vanuatu.
The Centre is located at the Isle of Man International Business School
Isle of Man International Business School
The Isle of Man International Business School is an institution of higher education on the Isle of Man.The Business School is located in the Nunnery mansion estate, close to the island's capital Douglas....
. Its Executive Director is a former World Bank Chief Spokesman Tim Cullen. Cullen, a Commissioner on the Isle of Man Financial Supervision Commission and an Associate Fellow at Oxford University's Said Business School
Saïd Business School
Saïd Business School is the business school of the University of Oxford in England, located on the north side of Frideswide Square on the former site of Oxford Rewley Road railway station. It is the University's centre of learning for graduate and undergraduate students in business, management...
was instrumental in creating the Centre’s Small Countries Financial Management Programme (SCFMP), an initiative which brings together officials from an extremely diverse range of small countries. Participants come from finance ministries, central banks and regulatory bodies. The programme offers a support mechanism through which they can exchange ideas, share their own countries’ challenges and give each other practical assistance. The acquisition of negotiation skills is a priority, and participants learn from leading practitioners and professors.
Partners of the Centre include the Isle of Man Government
Isle of Man Government
The Isle of Man Government is the government of the Isle of Man. The formal head of the Isle of Man Government is the Lieutenant Governor, representing HM Queen Elizabeth II, Lord of Mann...
, the World Bank
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
the Commonwealth Secretariat
Commonwealth Secretariat
The Commonwealth Secretariat is the main intergovernmental agency and central institution of the Commonwealth of Nations. It is responsible for facilitating cooperation between members; organising meetings, including the Commonwealth Heads of Government Meetings ; assisting and advising on policy...
, and the Small States Network for Economic Development
Small States Network for Economic Development
The Small States Network for Economic Development provides a mechanism for institutional building in small states. The establishment of the Small States Network for Economic Development was first proposed by Malta at the 2005 Small States Forum held in Washington, and the mandate to establish it...
. Initial funding was provided by the Isle of Man Government.
The Centre’s inaugural nine day programme, designed and directed by Ron Emerson took place in September 2009 at both the Isle of Man International Business School and Oxford University, and continues, covering key issues such as risk assessment, management and regulation, debt and cash management, and regulatory collaboration. The 2011 Programme was held in the Isle of Man
Isle of Man
The Isle of Man , otherwise known simply as Mann , is a self-governing British Crown Dependency, located in the Irish Sea between the islands of Great Britain and Ireland, within the British Isles. The head of state is Queen Elizabeth II, who holds the title of Lord of Mann. The Lord of Mann is...
and at St. Catherine's College, Oxford and was directed by Alison McQuater.
External links
- Official Site http://www.scfmc.im
- Isle of Man Financial Supervision Commission http://www.gov.im/fsc
- Organisation for Economic Co-operation and Development (OECD) http://www.oecd.org
- Small States Network for Economic Development http://www.ssned.org
- World Bank http://www.worldbank.org