"We need to reform international finance so that it plays its essential role in supporting economic activity -- and does not provoke another systemic crisis. But we have to ask ourselves, do we have the right global governance mechanisms to address these issues in an effective way? " said A. Gurría at colloque on “Refondation du système monétaire et financier international”.
Recently, a few countries have introduced or tightened capital controls. Some others have debated - but so far refrained from imposing - new controls. OECD rules do not prohibit capital controls but neither do they encourage them.
At the USCIB Global Investment Conference in Washington A. Gurría announced that the OECD is considering the feasibility of a non-binding “Model Investment Treaty”, building on converging understandings in OECD and partner countries and invited other organisations to join these reflections.
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September 2009-February 2010. This report provides a brief overview of recent trends in global trade and investment flows, deals with trade and trade-related measures and investment and investment-related measures. It was prepared in response to the request of the G20 to the WTO, together with other international bodies, within their respective mandates, to monitor and report publicly on G20 adherence to undertakings on "resisting
The OECD, World Trade Organization and the UN’s Conference on Trade and Development have called on the leaders of the G20 countries to resist protectionism or the prospects for economic recovery may be wiped out.
Companies should put in place strict internal controls and establish ethics and compliance programmes as part of a strategy to combat bribery in international business deals, according to a new guidance agreed by the 38 countries that are party to the OECD Anti-Bribery Convention.
Two Governance Reform topics were the focus for discussions at this 2nd meeting of the Global Network on Privatisation and Corporate Governance of SOEs, namely SOE board nomination, functioning and evaluation; and establishing, organising and reforming SOE ownership entities.
Organised in Paris on 1 March 2010, task force discussions focused on transparency and accountability and the selection and quality of the boards of SOEs.
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The OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions was adopted by the OECD Council on 26 November 2009. Annex II to the Recommendation, the Good Practice Guidance on Internal Controls, Ethics and Compliance was adopted on 18 February 2010.
The purpose of Phase 2 is to study the structures put in place to enforce the laws and rules implementing the OECD Anti-Bribery Convention and to assess their application in practice.