Economic Survey of Brazil 2009: Looking beyond the global financial and economic crisis towards sustained growth

Brazil’s economic fundamentals have improved considerably in the ten years following the abandonment of exchange rate management in 1999 and adoption of a policy framework combining inflation targeting, rules based fiscal management and a flexible exchange rate. The economy is therefore weathering the effects of the unfolding global financial and economic crisis rather well, and an incipient recovery is getting under way. The policy

Economic Survey of Brazil 2009: Reaping the benefits of macroeconomic consolidation

Despite the current problems related to the global financial and economic crisis, ongoing macroeconomic adjustment continues to bear fruit. Attainment of the primary budget surplus targets has delivered falling public debt-to-GDP ratios since 2003. Prudent debt management has reduced refinancing risk and external vulnerabilities. The forward looking conduct of monetary policy within a framework combining inflation targeting with a

Economic Survey of Slovenia 2009: Restoring a sustainable growth path within the monetary union

Slovenia achieved strong economic growth leading to a marked catch up with the EU15 during the last decade. This dynamic growth has been interrupted by the global recession, adversely affecting Slovenian exports and banks’ refinancing possibilities. As the economy recovers, efforts to achieve real convergence need to be renewed.

Challenges Related to Financial Guarantee Insurance

Traditionally, bond insurers have provided guarantees of payments on municipalbonds, where defaults have been very limited. But since the late 1990s they havebecome increasingly involved as guarantors of elements of various structuredfinancial products: in particular, the credit enhancements provided by theseentities have played an important role in making securities based on sub-primeloans attractive to a wide range of investors. It

Brazil/OECD International Conference on Private Pensions in Latin America, 11-13 May 2008, São Paulo, Brazil

The Brazil/OECD International Conference was organised as a part of a series of international events to celebrate 30th anniversary of the National Secretariat of Pension Funds.

OECD-IOPS Guidelines on the Licensing of Pension Entities

Adopted in March 2008, these Guidelines provide a framework for licensing regulations and the assessment of licensing applications from pension entities to determine whether or not they stand up to certain criteria: adequate governance structures, management in the best interest of plan members and other beneficiaries, financial security and performance of pension entities and maximimum operational efficiency.

OECD Recommendation on good practices for financial education relating to private pensions

Many people have a poor understanding of the financial issues that affect their lives, according to OECD analysis. To help them, OECD countries have agreed new good practices on financial education relating to private pensions and insurance.

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• OECD Recommendation on good practices for enhanced risk awareness and education on insurance issues

OECD Recommendation on good practices for enhanced risk awareness and education on insurance issues

Many people have a poor understanding of the financial issues that affect their lives, according to OECD analysis. To help them, OECD countries have agreed new good practices on financial education relating to private pensions and insurance.

Related Documents

• OECD Recommendation on good practices for financial education relating to private pensions

Economic Survey of France 2009: Coping with recession and preserving fiscal sustainability

The financial crisis did not spare the French economy, which is facing a deep recession in 2009, even if the situation is less severe than elsewhere. Once the recovery begins, a priority will be to phase out the general government budget deficit but, given the already very heavy burden of taxes and compulsory contributions, public finance consolidation will require strict control over expenditures.

Regulation of financial systems and economic growth

This paper examines whether regulation that is more conducive to competitive and efficient financial systems has a significant positive impact on sectoral output and productivity growth in a sample of 25 OECD countries. More specifically, following a methodology used by Rajan and Zingales (1998), the paper tests whether industries that depend more heavily on external sources of funding tend to grow faster in countries that have more

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