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As governments and international organisations grapple with an increasingly turbulent economic climate and rising frustration and disquiet among citizens, they require fresh thinking and inspiring ideas. In developing strategies to restore long-term economic growth and employment, policy-makers must ensure that they respond to public demands for a fairer and more inclusive society. The challenge for this year's Forum is clear: how can
Europe's sovereign debt crisis has exposed structural weaknesses in economic governance that now threaten the entire euro region. Efforts to reinforce public finances and preserve the currency union must go further than solutions proposed to date.
G20 finance ministers have agreed new principles on financial consumer protection developed by the OECD. “Without consumer trust and confidence we could jeopardise the basis for global economic recovery and growth,” said OECD Secretary-General Angel Gurría.
The ongoing crisis illustrates all too well the importance of trust and confidence for the proper functioning of our financial systems and, in turn, our economies. Consumers are at the heart of the system. They should feel capable, knowledgeable, safe and secure in their dealings with financial services providers and their intermediaries, said Angel Gurría.
OECD and the South African government have created a centre to encourage co-operation among African debt managers and to support the development of sound practices in public debt and cash management.
This conference focused on how we can help individuals improve their financial knowledge and the way they manage their personal finances.
Watch this recording of the 2011 OECD Forum session on financial regulation and consumer protection with Ted Menzies, Steingrimur J. Sigfússon, Federico Ghizzoni, Marilena Lazzarini, John Hope Bryant and Renato Flores.
OECD Secretary-General talks of the need to promote a significant shift in policy-making to introduce together a new era that favours long term investments for sustainable development, at the Eurofi High Level Seminar in Paris.
The G20 helped steer the world through the worst of the economic storm; now it must show it can set in motion a new governance for the post-crisis world. That's a task our organisation stands ready to help with, says the OECD's G20 Sherpa, Gabriela Ramos.
The crisis has left a legacy of nearly bankrupt governments. There is little doubt that all countries among the advanced economies are now in urgent need of implementing a credible medium-term fiscal consolidation strategy, argues Jean-Claude Trichet, president of the European Central Bank.