OECD Secretary-General to Step down in 2006

06/01/2005 - The Secretary-General of the Organisation for Economic Co-operation and Development, the Honourable Donald J. Johnston, has advised the Member countries that he will step down from office in May 2006, having first been elected to the post in 1996.

In his letter to OECD Members, Mr. Johnston underlines the importance of sufficient preparation time for his successor in order to ensure a smooth transition. He commented that "a lengthy preparation period was very useful for me before I assumed my responsibililities as Secretary-General of the OECD".

Top of page

Financial crisis: Save our savings

Amid the worst current financial crisis since the 1930s, EU leaders have pledged to protect savers’ deposits. Already most OECD countries have explicit deposit insurance schemes for savings up to certain limits. In a number of countries these have now been raised temporarily.

Click here to see how countries compare.