Six years into the crisis and a robust recovery is still distant. The global economy is continuing to expand at a moderate and uneven pace. International trade, global investment and credit are still hesitant. The threat of so-called ‘secular stagnation’ remains high, especially in Europe.
As a result of continued policy support and favourable financial conditions, global growth is expected to be somewhat more vigorous in the latter part of 2014 and into 2015. Nonetheless, the OECD’s recent Interim Assessment has revised growth projections downwards for most major economies as the recovery is turning out to be weaker than expected.
2-3 October 2014, Swakopmund, Namibia: This event focused on the pension reform process in Africa, tax and the financial incentives that affect savings in complementary private pensions, and the role of pension funds in long-term investment financing and capital market development.
As the Millennium Development Goals (MDGs) approach their expiry date, we must focus our efforts on ensuring a brighter, more inclusive and sustainable future for all. We face a plethora of common issues: growing inequalities; changing consumption patterns and population dynamics; increasing natural resource scarcity; and ongoing illicit financial flows.
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Bribery is a threat to good governance, sustainable economic development, democracy and people’s welfare. The corrosive effects of bribery can spread across borders, affecting economies and societies everywhere. The ability to address bribery, both domestically and internationally, is impaired by a lack of transparency, accountability and integrity in the public and private sectors.
The OECD and CPI organised a Dialogue on "Improving Transparency and Accountability through Enhanced Tracking of Climate Finance Flows" on 22 September in New York.
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This document contains the final version of the Effective Approaches as agreed by the G20/OECD Task Force on Institutional Investors and Long-term Financing. This report was submitted to the G20 Finance Ministers and Central Bank Governors for consideration at their meeting in Cairns on 20-21 September 2014.
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The September 2014 update on the BEPS Action Plan, including the delivery of the first set of measures from the BEPS Project as well as enhanced engagement with developing countries.
Washington DC, 10 September 2014: This meeting addressed the evolution of the terrorism threat, the availability and affordability of terrorism risk insurance, the financial liability of governments and short and long-term perspectives.
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BEPS strategies often take advantage of the interaction between the tax rules of different jurisdictions, so only an internationally co-ordinated effort can effectively respond to this issue. The BEPS Action Plan is based on three core principles: coherence, substance and transparency, and sets forth 15 actions to fundamentally change the rules for the taxation of cross-border profits.