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The Russian Federation must further modernise its economy to meet long-term development and income inequality challenges, according to Angel Gurría. A combination of sound macroeconomic management, improved business climate, effective social policies and greater energy efficiency is required.
There is nothing inevitable about high and growing inequalities, said Mr Gurría. Our report clearly indicates that upskilling of the workforce is by far the most powerful instrument to counter rising income inequality. The investment in people must begin in early childhood and be followed through into formal education and work, he added.
In the current difficult economic environment, regions are important centres of gravity in a country’s economy. Their comparative advantages, endowments and overall dynamism can be powerful sources of growth and prosperity nation-wide, said OECD Secretary-General.
Never before has there been such an inclusive and fully engaged process behind international development, said M. Gurría. The outcome document endorsed in Busan is important, but even more important is the buy-in it represents, he added.
Building more effective public sector institutions is an essential component of aid effectiveness. If we work together and take into consideration the realities of developing countries, we will build a more prosperous and equitable world, said A. Gurría.
The economic crisis has meant global poverty is on the rise again. The Forum on Aid Effectiveness in Busan is an opportunity to ensure that development cooperation can make a difference in tackling hunger and improving people’s lives, OECD Secretary-General Angel Gurría said.
The Investment Compact was set up by nine South East European Governments, ten years ago, in recognition that private sector development and international co-operation are powerful drivers of economic growth in the region. Since then, governments, business leaders and civil society have worked together to design and implement reforms to attract more and better investment, to raise living standards and to improve the wellbeing of their
With the Czech economy’s export-driven recovery slowing, swift implementation of new reforms is needed to ensure sustainable, inclusive long-term growth and better resilience to external shocks, according to OECD's Angel Gurría.
The worst economic crisis in half a century still holds us in its grip. At the G20 in Cannes, 3-4 November, solid progress was made on major issues such as jobs, taxation and financial reform, though much more needs to be done to restore confidence as we build towards the Mexico presidency in 2012.
At this Financial Regulation Session of the G20 Leaders Summit, M. Gurría spoke of 'a comprehensive reform of the international financial architecture that should include financial inclusion, protection and education'.