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Despite South Africa's wealth in natural resources, healthy business environment and financial system, and its sound public finances, the country has yet to fulfil its great potential, said Angel Gurría at the launch of the 2013 OECD Economic Survey of South Africa.
In his closing remarks to the first day of the OECD Global Forum on Competition, the OECD Secretary-General underlined the importance of tackling the topic of competition and poverty.
In his speech at the occasion of the Finnish Government's mid-term review, the Secretary-General praises high-quality human capital and a large degree of social cohesion as key assets of the Finnish economy. To reach its full economic potential the country should engage in structural reforms to remove unnecessary obstacles to competition and growth and raise the efficiency of public services.
Expanding our long-lasting institutional partnership with the NATO Parliamentary Assembly is right in line with our effort to strengthen our collaboration with parliamentarians. Parliaments have become strategic to design and approve the needed reforms to restart growth and equip our economies with better frameworks and institutions.
The Secretary-General introduced Mr. Ólafur Ragnar Grímsson, President of Iceland, and underlined many of his accomplishments.
The OECD has shown its commitment to this strand of G20 work by providing your Leaders with key global principles to enhance financial consumer protection in 2011 at the Cannes Summit; and by promoting the development of consistent financial education strategies with the High Level OECD/INFE Principles on national strategies for financial education delivered, said Angel Gurría, OECD Secretary-General.
The OECD continues its work to improve the effectiveness of automatic exchange of information as a compliance tool and to ensure that the information exchanged will remain secure and confidential, said Angel Gurría, OECD Secretary-General.
In his remarks to G20 Finance Ministers, OECD Secretary-General explained that we need decisive economic measures on the supply side that can boost confidence - the touchstone of all our efforts - and can tip the scales towards an upside growth scenario relative to the downside risks.
The OECD has much to offer to the G20 and can help the Presidency to deliver concrete and meaningful outcomes on the issue of financing for investment, said Angel Gurría, OECD Secretary-General.
In his remarks, Angel Gurría noted that this new issue of Going for Growth comes at a time when the likelihood of worst-case economic scenarios has receded but the road to a strong and balanced recovery is still fraught with many challenges.