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OECD is preparing a two-pillar action plan for governments, as part of a global response to the world financial crisis, calling for tighter regulation and oversight of financial markets and improved national policies to promote economic growth.
Donors should honour their aid for trade pledges to developing countries despite the economic crisis, said OECD Secretary-General Angel Gurría as he opened the OECD Policy Dialogue on Aid for Trade, held in Paris on 3 November 2008.
In the midst of this financial crisis of global proportions, development aid budgets will be one of the areas of public spending under pressure as donor countries face up to the fiscal effort needed to restore the financial system. Despite these difficult circumstances, we must keep protecting and strengthening our development commitments, according to Mr. Gurría.
In his remarks, Mr. Gurría stated that the Accra Agenda for Action represents a significant step forward and presents donors and partners with a series of new concrete measures to accelerate movement towards agreed development goals.
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The world is rapidly transforming and a number of dynamic emerging economies,including South Africa, have become major players and trading partners with the members of the Organisation for Economic Co-operation and Development(OECD). In this context, the OECD Members have recognised the need for theOrganisation to become more open and relevant in order to realise its strategicgoal of becoming an important hub for dialogue on globally
France is one of the international community’s key players in development co-operation. French Official Development Assistance was USD 9.94 billion in 2007, ranking France third among DAC member countries.
The Partnership for Democratic Governance (PDG) is a new multilateral initiative designed to assist developing countries, wherever capacity is limited, to improve governance, strengthen capacity and accountability and effectively deliver essential services such as efficient customs, judicial and tax services.
Founded and established by countries and international and regional institutions from around the world, the PDG’s founding
Statement by Mr. Eckhard DEUTSCHER, Chair of the OECD Development Assistance Committee, to the OECD Ministerial Council Meeting - session 4: the Economics of Climate Change
According to the OECD Secretary-General, the current international food crisis is a global challenge and agricultural commodity prices should remain high and grow more volatile in the next decade.
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Adapting to change is vital for success in the modern global economy, for individuals, companies, industries and regions. New technologies breed new industries, and freer trade leads to new markets as well as global competition. “Structural adjustment” or adaptation to structural change is necessary for economies to reap the benefits of new technologies and emerging market opportunities. But such structural change can create losers as