Latin America has a major role to play in building a new international financial and economic system, since it has accumulated substantial experience in managing financial crises and recovery programs, according to the OECD Secretary-General.
In his remarks delivered in Rome, Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.
At a meeting with Slovak Economists, Mr. Gurría underlined that the OECD has developed a strategic response to deal with the current situation, while at the same time addressing the interaction between different policy actions in our economies.
According to Mr. Gurría, the crisis has led to some major new thinking, about regulation and markets, about accountability and ethics, and about the kind of economy we need to build. Our strategy is about devising better policies, better regulations and better institutional frameworks that enable businesses to flourish and public interests to be safeguarded in a stronger, cleaner and fairer world economy.
Angel Gurría shares his views about issues on the 2009 Davos agenda. Beyond short-term expediency, politicians must figure out how to set a long-term course for the global economy. Along with more effective regulation, we need fairer social policies and an end to the bottlenecks that block competition and innovation and hamper sustainable growth. We must also find ways for governments to exit from their massive emergency interventions
Mr. Gurría underlined that business ethics should be at the center of any new road-map for the global economy. Markets should not only be more stable, but morally acceptable as well. He said that it is time to reunite ethics and economics through a solid, transparent and updated set of rules.
In his opening remarks delivered at the ICGN conference, Mr. Gurría noted that the recent global financial crisis and the ensuing impact on global economic confidence and growth prospects had highlighted the great relevance of corporate governance, and the key contribution it can make to stabili
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This paper provides a discussion outline for the OECD-MENA Task Force on Corporate Governance of Banks for developing of a policy brief on corporate governance of banks in the Middle East and North Africa region, identifyingpriorities for reform and proposing concrete recommendations and policy options for implementation.
The focus of Angel Gurría's address to the annual conference of the International Corporate Governance Network (ICGN) was on the role of institutional investors, the quality of the regulatory framework, and the need to improve corporate governance in state-owned enterprises.
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The Legal, Regulatory and Institutional Framework for Enforcement Issues in Latin America: A comparison of Argentina, Brazil, Chile, Colombia and Peru