The OECD and the Government of Kazakhstan are signing today in Davos a Memorandum of Understanding on a two-year Country Programme, which will support an ambitious set of reforms of Kazakhstan’s policies and institutions.
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The global economy continues to run at low speed and many countries, particularly in Europe, seem unable to overcome the legacies of the crisis. With high unemployment, high inequality and low trust still weighing heavily, it is imperative to swiftly implement reforms that boost demand and employment and raise potential growth.
To ensure sustainable and inclusive growth over the medium-term, the Colombian authorities are faced with three key challenges: adjusting to the commodity boom, boosting productivity growth and reducing income inequality.
Seven years on from the financial crisis, and we are still dealing with its legacies: low growth is slowly picking up; unemployment, despite moving in the right direction remains stubbornly high, especially in the euro area; and income inequality, which was already rising, has worsened.
The Colombian economy has done remarkably well over the last decade, consistently ranking among the fastest-growing countries in Latin America, but a comprehensive tax reform that promotes investment and diversifies the economy is now needed to put the country on a path toward stronger, sustainable and inclusive growth, according to the latest OECD Economic Survey of Colombia.
Stronger manufacturing would increase productivity and make growth more inclusive, while contributing to improved current account balance. In particular, India should aim for more formal jobs, as these tend to be the most secure and of highest productivity.
With India’s low life expectancy largely reflecting deaths from preventable diseases, the most significant gains in health would come from population-wide preventive measures.
Mexico now has the chance to dramatically boost growth rates and resume convergence of its living standards towards those of advanced economies, reduce pervasive labour market informality and drive down high rates of poverty and income inequality.
Quiero abrir con un reconocimiento al Gobierno de México por haber impulsado el paquete de reformas estructurales más extenso y ambicioso que hemos registrado en tiempos recientes. Después de muchos años de parálisis reformadora, en tan sólo dos años México se convirtió en el país con la actividad de reformas más alta de los 34 países de la OCDE.
Es un placer estar aquí para presentar el informe de la OCDE sobre las prácticas de contratación pública de la Comisión Federal de Electricidad (CFE). Este informe ha sido elaborado en colaboración con la Comisión Federal de Competencia Económica (CFCE) y el Instituto Mexicano para la Competitividad (IMCO), a quienes agradezco su apoyo y sus contribuciones.