OECD Secretary-General 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.
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.
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.
The commercialisation of the public sector and its close ties with private and non-profit sectors is fraught with new forms of conflict between individual interests of public officials and their public duties.
This Glossary explains the key elements required to classify corruption as a criminal act, according to three major international conventions: OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions; Council of Europe Criminal Law Convention on Corruption; UN Convention against Corruption.
OECD countries have agreed to step up efforts to avoid giving official support to export contracts that are tainted by bribery. Government-backed export credit agencies provide about $US 60 billion in loans and loan guarantees annually to finance exports for projects around the world.
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The OECD is pleased to announce that Niue has made a commitment to improve the transparency of its tax and regulatory systems and establish effective exchange of information for tax matters with OECD countries by 31 December 2005.
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The OECD is pleased to announce that the U.S. Virgin Islands has committed to co-operate in the OECD's efforts to address harmful tax practices. The U.S. Virgin Islands was among 35 jurisdictions identified by the OECD in June 2000 as meeting ...