Edward Scicluna

Profile

 

Professor Edward Scicluna is the Governor of the Central Bank of Malta.

Between 2013 and November 2000 he was the Minister for Finance in the Labour Government of Joseph Muscat and subsequently Robert Abela. He was elected to the Maltese House of Representatives, from the 5th and 8th Districts in March of 2013, and the 7th and 8th Districts in 2017.

He served as a Member of the European Parliament between 2009 and 2013 as Vice-Chairman of the Economic and Monetary Affairs Committee (ECON) and as the European Parliament’s representative on the European Statistical Advisory Board (ESAC).

His previous appointments included that of Professor and Head of the Department of Economics at the University of Malta; Chairman of the Malta Council of Economic and Social Development (MCESD), Chairman of the Malta Financial Services Authority (MFSA), Electoral Commissioner, Central Bank Director, Mediterranean Insurance Brokers Ltd. director, Chairman in charge of political discussion programmes organised by the Malta Broadcasting Authority (MBA), Chairman of the HSBC’s Malta Funds Sicav plc and Structured Funds Sicav plc, Chairman of CWG plc, director at San Antonio Hotel and Spa, and board member of the National Euro Change-over Committee (NECC).

Internationally he carried out consultancy work for the EU Commission, UNESCO, the United Nations Environmental Programme (UNEP), the governments of Albania, Croatia, Libya and Turkey; and served on the Council of Europe Development Bank Auditing Committee. He was frequently sought for economic advice by the IMF annual delegation to Malta and Rating Agencies FitchIbca, Standard&Poor’s, and Moody’s. Prior to Malta’s entry into the Eurozone he was appointed as a Euro expert by the EU Commission.

Edward graduated from the University of Oxford with a Diploma with distinction in politics and economics; from the University of Malta with a First Class Honours BA degree in Economics, and the University of Toronto with a Masters and Doctorate in Economics.

Edward is married to Astrid née Bartoli and has two children Mark and Katya.

Appointments

2021 to date   Governor of the Central Bank of Malta
     
2013 to 2020   Finance Minister
     
2012 to 2013   European Parliament representative on the European Statistical Advisory Committee (ESAC)
     
2009 to 2013   Vice-Chairman of the Economic and Monetary Affairs Committee (ECON)
     
2009 to 2013   Member of the European Parliament
     
1999 – 2003   Malta Council for Economic and Social Development
    Chairman
     
1997 – 1999   Malta Financial Services Authority
    Chairman and President (i.e. Executive Chairman)
     
1996 – 2003   Central Bank of Malta
    Board Director and Member of the Monetary Policy Committee
     
1997 – 2000   Council of Europe Development Bank, Paris .
    Member of the Bank’s Auditing Committee
     
1980 to date   University of Malta
     
1981 to 1990   Professor and Head of the Department of Economics
     
2006 to date   Euro Expert
     
2005 – 2008   NECC
     
1993 – 1996   Authority of Review, Malta
    Chairman
     
1987 – 1993   Electoral Commission, Malta
    Electoral Commissioner
     
2002 to Date   HSBC Structured Funds SICAV p.l.c.
HSBC Malta Funds SICAV p.l.c.
    Chairman of the Board for the above two companies
     
1992   Office of the Prime Minister
    Chairman Editorial Board preparing the Malta Report on environment and development for the United Nations Rio Summit
     
1987 – 1989   Ministry for Maritime Affairs, Malta
    Chairman of Commission to Investigate and Report on Monopolistic Practices in Maritime Transportation to and from Malta.
     
1987 – 1997   Mediterranean Action Plan (MAP), UNEP
    Appointed as Malta’s Focal Point for Programme

Qualifications

1976 – 1982   University of Toronto, Canada
     
    Department of Political Economy/ Institute for Public PolicyThesis Title: “Output and Productivity Measurements in the Public Sector”.  Comprehensive examinations inPublic Finance and Development completed in 1977. Principal research assistant to a major two-year study on Public Employment and Compensation in Canada.PhD in Economics
     
     
1975 – 1976   University of Toronto, Canada
    Department of Political Economy/ Institute for Public PolicyM.A. in Economics
     
1973 – 1975   Royal University of Malta
    Bachelor of Arts Honours degree in Economics
    First Class Honours
     
1970 – 1972   Oxford University, UK
    Oxford Special Diploma in Social Studies
    Distinction

 Awards

1975 -1980   Canadian Commonwealth Scholarship
     
1973-1974   Simonds-Farsons-Cisk RUM Scholarship
     
1970 – 1972   Plater College, Oxford Scholarship, Government of Malta
     
1967   Duke of Edinburgh’s Award Scheme, Gold Medal, awarded at Buckingham Palace, London

Publications

Recent Works   Interim Evaluation of EU Pre-Accession Programmes
  in Malta (Three evaluations between 2005 and 2006), in conjunction with E&Y, carried out for the EU and the Government of Malta, 2006.
     
    An Economic Appraisal of Malta’s Cruising Industry, VISET Malta plc, July 2007.
     
    A Cost Benefit Analysis of the Mgarr and Cirkewwa Ports Terminals; for the Malta Maritime Authority with respect to EU Project Co-Financing., 2007.
     
    Economic and Financial Feasibility Studies for the Transport Infrastructure Projects, Phase II, Gozo (EU co-financed project) – Ministry for Gozo, 2007.
     
    A Social Impact Assessment of the Construction of a New Urban Wastewater Treatment Plant at Ta’ Barkat L/O Xghajra, As part of the EIA to be submitted by the WSC to MEPA. 2007.
     
    A Cost Benefit Analysis of the Urban Wastewater Treatment Plant Project at Ta’ Barkat L/O Xghajra, As part of the EIA to be submitted by the WSC to MEPA, 2007.
     
    A Social Impact Assessment of the Schreiber Ground Project, As part of the EIA to be submitted by the Ministry of Transport. 2007
     
    Job Creation in the Environment Goods and Services Industry, for the ETC co-funded by the EU,  31st Dec 2007
     
    The Direct and Indirect Economic Impacts of Maltese Industries: An Input-Output Modelling Approach, for the Malta Enterprise, 2008
Papers    
  “The Growth and Distribution of Federal, Provincial and Local Government Employment in Canada” in D.K. Foot (ed.), Public Employment and Compensation in Canada,Toronto: Butterworth for the Institute for Research on Public Policy, 1978, pp. 63-92. With David Foot and Percy Thadaney.
“The Seasonality of Government Employment in Canada” in D.K. Foot (ed.) Public Employment and Compensation in Canada, Toronto: Butterworth for the Institute for Research on Public Policy, 1978, pp. 93-106. With David Foot and Percy Thadaney.
“Productivity Measurement in the Public Sector: The Case of Police Services”, in Robert H. Haveman (ed.)Public Finance and Public Employment, (Proceedings of the 36th Congress of the International Institute of Public Finance 1980.) Detroit: Wayne State University Press, 1982,  pp. 257-274. With Richard Bird and David Foot.
“A Systems Analysis Model for the Island of Gozo”,Proceedings of the International Meeting for UNESCO Researchers on Mediterranean Minor Islands, Taormina, October 1981.
“Measuring Public Enterprise Productive Efficiency: A Suggested Framework”, Proceedings of An Expert Group Meeting on Corporate Planning for Public Enterprises in Developing Countries, I.C.P.E., Ljubjana, 1982.
“Tourism and Seasonal Demand for Water in Malta”,Proceedings of the International Conference on Water Resource Management and Tourism in Mediterranean Islands and Coastal Areas, UNEP, WHO & UNESCO, Foundation for International Studies, Valletta, 1986.
“L’Importanza dei Modelli a Larga Scala nella Simulazione degli Ecosistemi delle Isole Minori”, A. Cecchini e F. Indovina (ed.) Simulazione Milano: Franco Angeli Libri, 1989.
Background studies for Coopers & Lybrand Europe, Brussels, in connection with Federation of Industry commissioned study The Effect of EC Membership on Industry in Malta, 1991
Strategies for Sustainable Development, Council of Europe, Parliamentary Assembly, March 1993
“Cutting Deficits – We can do it.” Commissioned by the Chamber of Commerce, 2002
“Institutional Sclerosis and Budgetary Reform” commissioned by the Malta Business Weekly: Business Breakfast Meeting. November 2003.
“Reform or Restructure – Budget 2004” presentation for Business Times, Business Breakfast, December 2003.
“Risk Taking and Business Growth” commissioned by the Malta Institute of Management, March 2004.
     
Books and Monographs    
    Transition to Workers’ Self-Management. The Hague: Institute of Social Studies, 1982.  With Edward Zammit, Adrian Gauci and Pauline Miceli.
Export Competitiveness and the Maltese Lira, Valletta: Malta Federation of Industries, 1984.
Exchange Rate Policy – Urgent Review Needed, Valletta: Malta Federation of Industries, 1985.
The Real Exchange Rate of the Maltese Lira, Valletta: Malta Federation of Industries, 1986.
X-Rays of the Economy, Valletta: Malta Federation of Industries, 1987.
Export Competitiveness and the Maltese Lira: The Outlook for 1989, Valletta: Malta Federation of Industries, 1988.
Doing Business in Malta, London: Spicer and Oppenheim International Limited, 1990.
The Outlook for the Maltese Economy in 1992 and Beyond: A Sober Assessment, Valletta, Malta Federation of Industry, 1991.
The Wage-Price-Productivity Nexus and Wage Determination in Malta, Valletta: for the Chamber of Commerce, The General Retailers and Traders Union, the Malta Employers Association, the Malta Federation of Industries and the Malta Hotels and Restaurants Association, early 1992.
The Restructuring of the Maltese Economy, Valletta, Malta Federation of Industry, 1993.
An Economic Evaluation of the Proposed VAT, Valletta, Malta Federation of Industry, 1994.
A Cost Recovery Programme for Waste Water Services in Malta. Floriana, Malta.  Ministry for the Environment (Works Division) in conjunction with EIB.  (Mimeograph), 1994.
Measuring Unit Cost of Output for the Employment and Training Corporation (ETC).  Hal Far, Malta, ETC, 1994.A Proposed Business Transfer Tax for Malta in lieu of the VAT, Valletta,  Malta Federation of   Industry, 1997.
     
Other    
    A Development and Conservation Plan for the Butrinti Area in Albania; in conjunction with LLewleyn-Davies, for the Government of Albania, 1994.
Various training programme to public officials on the integrated management of coastal areas for the municipality of Izmir, Turkey, December 1989.  The Izmir Bay project was funded by the UNEP and the World Bank.
Principal consultant for the following coastal zone management programmes: Izmir Bay and Albania Coastal Management Programme, (1986 to 1997).
A Strategic Subject Study of Golf Course Development in Malta; in conjunction with LLewelyn-Davies for the Government of Malta, 1993.
Carried out various other environmental impact assessments (EIAs) in the following sectors: various fish-farms, two leading hotels in the North of Malta;  a golf course; a Yacht; and Industrial Estate.

 

 

 

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