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In the midst of the deepest and most synchronised recession in our lifetimes, OECD's Gurría encourages a policy response which addresses the social impact of the crisis and repairs the financial system.
As the financial crisis deepens and spreads, a decisive policy action is needed to restore confidence and restart the flow of credit, according to Mr.Gurría.
In his remarks, Mr. Gurría stated that the Accra Agenda for Action represents a significant step forward and presents donors and partners with a series of new concrete measures to accelerate movement towards agreed development goals.
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The world is rapidly transforming and a number of dynamic emerging economies,including South Africa, have become major players and trading partners with the members of the Organisation for Economic Co-operation and Development(OECD). In this context, the OECD Members have recognised the need for theOrganisation to become more open and relevant in order to realise its strategicgoal of becoming an important hub for dialogue on globally
It is a great pleasure to be here at this most significant and historic event. On behalf of the OECD and its member countries, I would like to congratulate Your Majesty and the Ministers of your Government for your great vision and leadership in turning this promising idea into a reality.