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Supported by substantial stimulus measures, the US economy has started to grow again after the economic crisis but Mr. Gurría argued that efficient spending would be key to strenghten public finances. In this respect, the recent health-care reform, which includes measures to reduce the growth in health-care spending, is an important landmark, Mr. Gurría stated.
Equitable and efficient tax systems and administrations have an important role to play in securing domestic funding for development, according to Angel Gurría. He added that African policy makers need to reform tax systems and generate revenues, to complement external sources of financing, such as official development assistance, remittances and foreign direct investment.
Attending the UN summit on the Millenium Development Goals, Angel Gurría highlighted four priority issues for Africa: we need to complement Africa’s efforts in domestic resource mobilisation by an effective international action to tackle tax havens, illicit financial flows, bribery and corruption. We also need to re-double our efforts to drive forward multilateral trade liberalisation. We must direct aid to where the need is greatest
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
Educational policies need to be based on a solid understanding of how effectively economies use their talent pool, and of how better skills will translate into better jobs, higher productivity, and ultimately, better economic and social outcomes, according to Angel Gurría.
Commentant la Présidence future du G20 par la France, M. Gurría souligne que si l'édifice économique mondial ne s'est pas effondré pendant la crise, c'est le résultat d'une mobilisation et coordination des gouvernements sans précédent et que le G20 en a été le théâtre principal.
In his remarks Angel Gurría noted that key short-term task is to consolidate the emergence from recession. Looking further out, a key challenge is to make better use of South Africa’s abundant resources, both human and physical. Although growth performance has improved, South Africa stands out as having achieved no convergence on OECD average GDP per capita since 1994. The substantial civil and political liberties enjoyed in South
In this speech, Angel Gurría called for countries to rethink their policies to nurture and guide innovation, noting that innovation needs to be seen as a system.
In his remarks Angel Gurría noted that the civil and political liberties enjoyed by South Africans are to a great extent thwarted by the burdens of joblessness, poverty, insecurity and poor education. The only way to meet the economic and social objectives of the government and the people of South Africa is to make better use of the country’s abundant resources, both human and physical, to promote and sustain faster growth.
Speaking at the launch of the OECD International Migration Outlook, A. Gurría said that ensuring good labour force outcomes for immigrants is not just desirable; it is a key element of a fair recovery strategy.