The expansion of Digital Financial Services (DFS) - such as mobile and online financial services, electronic money, as well as branchless banking – is a major global phenomenon and is particularly widespread in the developing world. Digital Financial Services are currently available to over 60% of the world’s population, particularly in the form of mobile money.
Good morning everyone. It is a pleasure for me to be here today to launch the 2016 OECD Pensions Outlook. I’m glad to see great friends and experts on one of the defining issues of our era. Good to see Phyllis Borzi and Ambrogio Rinaldi with us today.
It’s a great pleasure to open this seminar today on “Investing for the future in today's global markets”. First of all, let me welcome Siv Jensen, Norway’s Minister of Finance, and Yngve Slyngstad, the Executive Director of Norges Bank Investment Management.
It is my great pleasure to launch this second edition of the OECD Business and Finance Outlook, along with the first edition of an accompanying Business and Finance Scoreboard, which has a wealth of statistical information relating to the Outlook.
Financial literacy is an essential life skill. From the cost of education to healthcare, people are confronted with complex, difficult financial decisions: how much and how to borrow, how to save and invest, or which kind of insurance to buy. To address these challenges, we all need to develop the skills to be financially resilient.
It is crucial that G20 countries collectively strive to resist financial protectionism and to keep financial markets open. Worryingly, OECD data suggest a sustained rise in capital flows measures since 2008, across emerging markets as well as some advanced economies.
We actually need to balance two objectives. On the one hand, we should collectively strive to keep financial markets open. On the other hand, governments need an actionable toolbox of policy instruments to deal with capital flow volatility.
If we want to get serious about unlocking green investment, we need to get serious about systematically integrating climate risks into our understanding of fiduciary duty.
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OECD's Adrian Blundell-Wignall explains why clean energy projects are not attracting investors despite the availability of fund for investment. This paper was presented at a high-level breakfast event on institutional investors and the low-carbon transition hosted by the OECD Secretary-General during COP21 on 9 December 2015.
It is my great pleasure to be at today’s event, a key part of the Institutional Investors and Long-term Investment project. Before presenting the OECD’s latest work in this area, and our high-level contributions to the G20, let me take a moment to explain why long-term investment is so fundamental to the pursuit of stronger, greener and fairer growth.