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Nordic-Baltic Regional Report

Nordic-Baltic Regional Report
Author: International Monetary Fund. Legal Dept.
Publisher: International Monetary Fund
Total Pages: 115
Release: 2023-09-04
Genre: Business & Economics
ISBN:

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Recent money laundering cases have exposed financial integrity risks from cross-border payments and potential impact on financial stability to the integrated Nordic-Baltic financial sector, attracted international scrutiny of anti-money laundering and combating the financing of terrorism (AML/CFT) supervision throughout the region, and so accelerated the momentum for reform. The purpose of the project is to conduct an analysis of cross-border money laundering (ML) threats and vulnerabilities in the Nordic-Baltic region – encompassing Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden (the Nordic-Baltic Constituency or NBC) – and issue a final report containing recommendations for mitigating the potential risks.


Project Summary:

Project Summary:
Author: Ms. Grace Jackson
Publisher: International Monetary Fund
Total Pages: 5
Release: 2023-09-04
Genre: Business & Economics
ISBN:

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In their efforts to strengthen the effectiveness of Anti-Money Laundering/Countering the Financing of Terrorism Frameworks across the Nordic-Baltic Region (Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden), the Governors of the Nordic-Baltic Central Banks reached out to the IMF to request technical assistance. The request stems from various international money laundering banking scandals (ABLV, Danske Bank, Nordea, Swedbank), involving cross-border payments by non-residents that exposed financial integrity risks in the financial sector of the region, attracting international scrutiny on the level of non-resident Money Laundering/Terrorist Financing ML/TF risks and highlighting the vulnerabilities related to AML/CFT risk-based supervision of banks in the region. The flagship project relied on a novel methodology to leverage data analysis to understand ML/TF threats and vulnerabilities and their potential impact on financial stability, and developed country and regional recommendations. Notably, the project involved an analysis of (i)potentially high-risk financial flows to and from the region; (ii) the AML/CFT domestic and regional supervisory landscape related to banks and virtual assets; and (iii) the potential implications of financial integrity shocks on financial stability.


Baltic Cluster Report

Baltic Cluster Report
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 91
Release: 2014-05-08
Genre: Business & Economics
ISBN: 1484378261

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This Selected Issues paper focuses on the Baltic model, Baltic–Nordic links, and convergence. The Baltic countries form a distinct group within a tightly integrated Nordic–Baltic region. They are following similar approaches to economic policy, broadly in line with those of Northern European and the Anglo-Saxon countries. Their macroeconomic policies are generally robust. The paper examines the possible causes of the creditless recoveries in the Baltic countries. It characterizes their experience in comparison with other episodes of creditless recoveries in both advanced and emerging market economies, and also investigates demand and supply constraints to credit expansion in the Baltics.


Effects of Network Funding: An Evaluation

Effects of Network Funding: An Evaluation
Author: Donatella De Paoli
Publisher: Nordic Council of Ministers
Total Pages: 88
Release: 2019-03-27
Genre: Political Science
ISBN: 9289361077

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Network funding forms part of the Nordic-Baltic Mobility Programme for Culture, which aims to enhance cultural and artistic collaboration in the Nordic and Baltic countries by funding travel, networking, and residential activities. Network funding provides a platform for co-operation and thus the exchange of ideas and knowledge between professional artists and cultural practitioners in the Nordic and Baltic regions. This study on the effects of Network funding was commissioned by Nordic Culture Point in the spring of 2018 in order to gain insight into the long-term effects of funding and to examine its results for professional artists and cultural practitioners in the Nordic and Baltic countries. Data for the analysis was obtained through both qualitative and quantitative methods. The results show that networking is beneficial not only for its own sake, but also for the professional development of the recipients and the entire artistic or cultural field that they represent. Network funding is perceived as valuable amongst professional artists and cultural practitioners.


Monitoring Digital Inclusion in the Nordic-Baltic region

Monitoring Digital Inclusion in the Nordic-Baltic region
Author: Nordic Council of Ministers Secretariat
Publisher: Nordic Council of Ministers
Total Pages: 113
Release: 2022-02-08
Genre: Technology & Engineering
ISBN: 9289372338

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Available online: https://pub.norden.org/nord2022-007/ This study, focuses on how we can bridge the digital gaps that digitalisation brings about. It has to be top of mind to leave no one behind, by thinking inclusiveness in to every part of the digital transformation of our societies. Through cooperation, knowledge gathering, monitoring and policy actions on digital inclusion it is possible to drive a sustainable and inclusive digital transformation forward. The study provides a knowledge-based foundation for potential common Nordic-Baltic actions on digital inclusion. It is structured by four thematic areas: Defining digital inclusion, Monitoring digital inclusion, Snapshot of digital inclusion, and Nordic-Baltic added value. The study is performed by the consortium Digital Europe and funded by the Nordic Council of Ministers (MR DIGITAL).


GovTech in the Nordic-Baltic region

GovTech in the Nordic-Baltic region
Author: Nordic Council of Ministers Secretariat
Publisher: Nordic Council of Ministers
Total Pages: 44
Release: 2021-03-18
Genre: Computers
ISBN: 9289369825

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Available online: https://pub.norden.org/nord2021-023/ The Nordic and Baltic countries are highly developed when it comes to digitization of the public sector. However, the fast-paced technological developments in the public sector have not only provided new opportunities, but has also led to higher expectations in relation to the quality of public services. Consequently, there is a need for public authorities to procure and implement new technological solutions across complex public organisations. This publication presents a mapping of the current state of GovTech in the Nordic-Baltic region and examines the associated challenges and opportunities. Finally, the report proposes five recommendations to accelerate the use of GovTech in the region.


Nordic Nutrition Recommendations 2012

Nordic Nutrition Recommendations 2012
Author: Nordic Council of Ministers
Publisher: Nordic Council of Ministers
Total Pages: 544
Release: 2014-03-06
Genre: Medical
ISBN: 9289326719

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The Nordic countries have collaborated in setting guidelines for dietary composition and recommended intakes of nutrients for several decades through the joint publication of the Nordic Nutrition Recommendations (NNR). This 5th edition, the NNR 2012, gives Dietary Reference Values (DRVs) for nutrients, and compared with earlier editions more emphasis has been put on evaluating the scientific evidence for the role of food and food patterns contributing to the prevention of the major diet-related chronic diseases. Recommendations on physical activity are included and interaction with physical activity has been taken into account for the individual nutrient recommendations wherever appropriate. A chapter on sustainable food consumption has been added. A Nordic perspective has been accounted for in setting the reference values.The NNR 2012 has used an evidence-based and transparent approach in assessing associations between nutrients and foods and certain health outcomes. Systematic reviews form the basis for the recommendations of several nutrients and topics, while a less stringent update has been done for others. The systematic reviews and individual chapters have been peer reviewed and the systematic reviews are published in the Food & Nutrition Research journal. The draft chapters were subject to an open public consultation. Recommendations have been changed only when sufficient scientific evidence has evolved since the 4th edition. The primary aim of the NNR 2012 is to present the scientific background of the recommendations and their application. A secondary aim is for the NNR 2012 to function as a basis for the national recommendations that are adopted by the individual


Nordic Regional Report

Nordic Regional Report
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Total Pages: 48
Release: 2013-09-05
Genre: Business & Economics
ISBN: 1484373537

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This paper examines 2013 Cluster Consultation—a Nordic Regional IMF staff report. Denmark, Finland, Norway, and Sweden that form the Nordic region share a set of strong economic and social institutions and policies, with emphasis on education, high income equality, high employment, innovative and competitive business environment, etc. The IMF report suggests that strong national financial sector policies and regional cooperation would help mitigate common challenges and shared risks. Cooperative regional policies, such as introducing binding macroprudential minima and clear ex ante burden-sharing arrangements are expected to help limit the costs from any large bank failures.


New Nordic Peace: Nordic Peace and Conflict Resolution Efforts

New Nordic Peace: Nordic Peace and Conflict Resolution Efforts
Author: Hagemann, Anine
Publisher: Nordic Council of Ministers
Total Pages: 57
Release: 2019-04-09
Genre: Social Science
ISBN: 9289361433

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For a long time, the Nordic countries have been a region of peace, with the ability to resolve conflicts peacefully among themselves, and a region for peace, actively promoting peace globally. Although efforts to actively brand the Nordic region are ongoing, the Nordic Peace brand is an area with untapped potential. The Nordics have rich traditions for working together on peace and conflict resolution. These joint efforts have grown organically and informally from like-mindedness, letting the common Nordic culture and ways of working foster integration among them where relevant. The people working in the Nordic countries on Nordic cooperation and peace recognize the potential of strengthening the Nordic Peace brand. One area of special potential is increasing focus on the shared Nordic priorities of prevention and the women, peace and security agenda as part of the Nordic Peace brand.


The Nordic future of work:

The Nordic future of work:
Author: Jon Erik Dølvik
Publisher: Nordic Council of Ministers
Total Pages: 90
Release: 2018-11-27
Genre: Political Science
ISBN: 9289359080

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The Nordic future of workHow will work and working life in the Nordic countries change in the future? This is the question to be addressed in the project The Future of Work: Opportunities and Challenges for the Nordic Models. This initial report describes the main drivers and trends expected to shape the future of work. It also reviews the main distinctions of the Nordic model and recent developments in Nordic working lives, pointing towards the kind of challenges the future of work may pose to the Nordic models. Too often, debates about the future narrowly focus on changes in technology. This report draws attention to the broader drivers and political-institutional frameworks influencing working life developments, aiming to spur debate about how the interaction of changes in demography, climate, globalization and digital technologies may influence Nordic working lives in the coming decades.