The economic crisis has meant global poverty is on the rise again. The Forum on Aid Effectiveness in Busan is an opportunity to ensure that development cooperation can make a difference in tackling hunger and improving people’s lives, OECD Secretary-General Angel Gurría said.
We have made significant progress promoting development but the levels of world poverty are still unacceptably high. What have we done right? Where have we failed? Where are we moving to in development cooperation? This report addresses these and many other crucial questions.
This report shows how aid for trade is becoming a growing priority for an increasing number of developing countries and donors; And how aid for trade is being connected to the broader development agenda, with strategies and priorities increasingly focusing on competitiveness and trade-led economic growth, said OECD Secretary-General.
"Fifteen years of co-operation between the OECD and Korea are only a start of what I believe will be a long and mutually beneficial journey.", said Mr Gurría at the OECD-Korea celebration event.
"With the OECD Strategy for Development, we will take stock of the formidable arsenal of OECD’s broader public policy experience, and assess how it can be useful in a development context", declared Angel Gurría in his welcome Address to the Annual Bank Conference on Development Economics (ABCDE).
Our 50th anniversary provides us with an historical opportunity to launch a new approach to development across the Organisation. We will be working to develop a full fledged strategy on development, engaging more closely with emerging and developing countries to help us understand better their diverse realities, said OECD Secretary-General.
The shift in the centre of economic gravity, from the advanced to the large emerging economies, has to be reflected in the global governance architecture. The new players have to be given a stronger voice in decision-making and multilateralism has to evolve further in a more inclusive manner.
In his remarks, A. Gurría said that the middle sectors in Latin America are closer to the disadvantaged than to the affluent in many aspects.
Aunque la clase media en América Latina está creciendo y comienza a ser un motor para el progreso económico, continúa siendo económicamente vulnerable en comparación con los países de alto ingreso de la OCDE, de acuerdo al Secretario General de la OCDE.
Absent a major push in the next five years, we will fail to meet our commitment to the world’s poorest, according to Angel Gurría. He added that raising inequality will not jeopardise future growth and prosperity only in the developing world, it will threaten the global economy as a whole.