I am delighted to welcome you to the OECD Global Financial Literacy Excellence Centre (GFLEC) High-Level Global Symposium, to discuss “Effective Financial Education for Sustainable and Inclusive Growth”. Today we celebrate an important milestone in our journey to advance financial literacy — the 10th Anniversary of the OECD International Network on Financial Education (INFE), which is now 120 members strong!
The OECD was forged by its members out of the destruction of World War II to promote peace and security through sustainable and inclusive economic growth. These are not just worthy goals, but necessary conditions for a safer world.
I would like to start by congratulating the Argentinian Presidency for developing the Roadmap to Infrastructure as an Asset Class. The OECD strongly supports its proposed areas of focus, which recognise previous G20 work and OECD contributions
It is my pleasure to present the 2018 OECD Scoreboard on Financing SMEs and Entrepreneurs. This is the seventh edition of our annual flagship publication, which now covers 43 countries. I’d like to thank Minister Guajardo for his support on this important topic.
I must admit, this might be my favourite event of this Summit... but don’t tell anyone! It is indeed a great opportunity to address such a unique and inspiring crowd of young pioneers from a variety of backgrounds.
I am delighted to address the 6th edition of the “Ethics and Trust in Finance” Global Prize ceremony. Let me congratulate all the finalists for their ground-breaking essays. It is inspiring and comforting to see these gifted young people engaged in winning back trust in finance.
Over the next two days, you will be focusing on a wide range of issues, from sustainable finance, efficient capital allocation, the quality of shareholder engagement, and long-term thinking in the investment chain. All these issues lie at the heart of the OECD’s efforts to create fairer, more sustainable and more inclusive economies.
After a decade of growth, African countries are facing a more challenging outlook, notably with commodity prices on the way down and interest rates on the way up. But our latest African Economic Outlook shows that growth is picking up, at 3.4% in 2017, up from 2.2% in 2016.
I am delighted to launch the Programme for International Student Assessment (PISA) 2015 Results: Students’ Financial Literacy. We are honoured to be joined by Her Majesty Queen Máxima of the Netherlands ─ a global champion of financial literacy.
Growth seems to be slowly picking up. This is good news. But we are still facing a vicious circle of low productivity growth, sluggish demand, stagnant wages and, in many G7 countries, rising or high levels of inequalities.