Development Centre

Development Centre Newsletter - June


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AEO 2013: Africa’s resources are an opportunity, not a curse

‌‌‌newsletter June - AEO

Africa’s natural wealth can be the basis for its economic transformation, provided the right policies are in place: the African Economic Outlook (AEO) 2013 shows how a more efficient and equitable use of energy, mines and agriculture can generate gainful jobs and promote competitiveness.

The African Economic Outlook 2013 was launched on 28 May in Marrakesh, at the annual meetings of the African Development Bank. As with previous editions, the report assesses the performance of virtually every economy on the continent and provides fresh, 2-year macroeconomic forecasts. The outlook remains positive as Africa´s economy is projected to grow on average by 4.8% in 2013 and accelerate further to 5.3% in 2014.

The full report is available free-of-charge at


LAC Forum 2013 sparks high-level reflection on competitiveness and structural change

 ‌‌‌‌‌newsletter may lacforum2013

This year’s Forum, jointly organised with the IDB and the French Ministry of Economy and Finance, convened over 450 participants for a day of lively debate by policy makers and experts. One of the main messages to emerge from the 5th edition of the LAC Forum was that now is not the time for complacency. The relatively positive outlook presents an opportunity to undertake a number of pending reforms, with the final objective of a more sustainable and inclusive economic model. Reforms should be adopted to strengthen areas such as infrastructure, labour markets, innovation, education, fiscal systems, and the organisation of the State, among others.

SMEs represent one of the areas where policies can have a strong impact. Increasing their productivity, as well as fostering competitiveness, promoting their integration into global value chains, and favouring their access to credit, are some of the main areas where policies should focus. Access to finance for SMEs in the region is relatively low, and public institutions should adopt measures to facilitate access to finance and to provide both financial and technical support.


Launch of the Perspectives on Global Development 2013 in Madrid

 ‌‌‌‌newsletter may PGD2013

The OECD Perspectives on Global Development 2013 – Industrial policies in a changing world was presented in Madrid at the Annual Meeting of the Association of European Development Finance Institutions (EDFI) hosted by COFIDES. The report acknowledges the renewed and increasing role of development finance institutions in facilitating access to finance and enhancing innovation in developing countries. The total commitments of International Finance Institutions to the private sector in developing countries grew significantly over the past decade from about USD 10 billion in 2002 to about USD 40 billion in 2010.

The report was also presented during a seminar at the Secretaría General Iberoamericana (SEGIB), that gathered experts from diverse international and Spanish organisations including the Inter-American Development Bank (IDB), Telefonica and Banco de Espana. The debate centred on the new features of industrial policies and on how to make them effective in the new global economic landscape. Discussions were led by José Antonio Alonso, Professor of Applied Economics from the University Complutense and Member of the Committee for Development Policies (UNECOSOC) and Antonio Merino, Director of Environmental Studies, Repsol.

How cohesive is Vietnamese society?

 ‌‌‌‌‌‌Newsletter June - Vietnam

Over the last two decades,
Viet Nam has achieved rapid economic growth, resulting in an impressive reduction of poverty. However, fast growth has also led to rising inequalities across population groups and territories, reinforcing circumstantial factors of poverty such as inherited poverty, parents' education, ethnicity and location. Many households are vulnerable to falling back into poverty and access to public services remains uneven. Little is known on the links between economic growth and social mobility, both in terms of income and jobs.

At the request of the Ministry of Labour, Invalids and Social Affairs, the OECD Development Centre will carry out a Social Cohesion Policy Review of Viet Nam. Based on the conceptual framework of the 2012 Perspectives of Global Development: Social Cohesion in a Shifting World, the Review will be articulated around the following key inter-related questions: 1) How cohesive is Vietnamese society? 2) Who benefits from Viet Nam’s fast economic growth and who is left out?
3) What are some of the major policy gaps from a social cohesion perspective? 4) Which directions should public policy take to support social inclusion, facilitate social mobility and enhance social capital? The yearlong Review SCPR was officially launched in Viet Nam at a workshop, organised by MOLISA and the Institute of Labour Science and Social Affairs with the financial contribution of Hanns Seidel Foundation on 8 May 2013.

This Month

AEO 2013: Africa’s resources are an opportunity, not a curse

LAC Forum 2013 sparks high-level reflection on competitiveness and structural change

Launch of the Perspectives on Global Development 2013 in Madrid

How cohesive is Vietnamese society?

More on Development

Upcoming Events

• London, 18/06/2013

Expert Group Meeting to Review the Draft Report of the LDC IV Monitor

• Berlin, 19/06/2013
Presentation African Economic Outlook 2013

Structural Transformation and Natural Resources in Africa

• Panama, 25/06/2013

VI Reunión de Ministros de Economía y Hacienda

• Singapore, 19/07/2013

2nd OECD-AMRO Joint Asian Regional seminar

Did you know?

… Despite steadily high international prices, Africa’s share of global mineral assets dropped from 10.3% to 5.2% during the last decade. Asia and Latin America have thus made more of the boom by exploiting their resources more actively.

… EDFI invested around Euro 24 billion in around 4000 private sector development projects in 2011.

The Wire


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OECD Insights

Africa making the most of its natural resources

OECD Development Centre



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