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Presentations at the 8 June 2009 PCD meeting
With the the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment. If they all recognise that open markets will ultimately contribute to a sustainable recovery, they might be tempted to adopt “beggar thy neighbour” policies, including investment protectionism and unfair incentives to attract or retain
Current financing for climate change adaptation and mitigation is clearly insufficient and the development co-operation community needs to think through its implications and come up with forceful responses, according to the OECD Secretary-General.
According to Mr. Gurría, the number working poor living with less than 2 dollars a day can increase by more than 100 million and the number of hungry people in the world can increase by another 104 million by the end of the year, making urgent the issue of the financing for development.
The combined effect of the global credit crunch, falling international trade and investment flows, lower remittances and the effect of budgetary pressures in donor countries’ aid plans, are reversing the progress we had made in combating global poverty and are pushing more people into hunger, according to the OECD Secretary-General. Important emergency measures need to be taken to ensure that more people have access to food
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This statement outlines OECD's response to the crisis and OECD perspectives on the Development Committee agenda. It was presented at the joint World Bank-IMF Development Committee meeting in Washington on 26 April 2009 by Mr. Angel Gurria, OECD Secretary-General, and Mr. Eckhard Deutscher, Chair of the OECD Development Assistance Committee (DAC).
As policy makers and central bankers gather in Washington for this year’s Spring Meetings of the World Bank Group and the International Monetary Fund, growing intolerance of tax evasion is good news for developing countries desperate to raise tax revenues to pay for schools, roads and hospitals. Poor people in these countries mostly don’t pay much in taxes. But they are most in need of the improvements in infrastructures and services