It is a great pleasure to welcome you to the OECD, and to be here with you to discuss the challenge of financing infrastructure in Africa.
This year’s Outlook offers good news. It confirms that globally, production of most agricultural commodities increased in 2013 following the effects of adverse weather conditions a year earlier. But more importantly, it suggests that production will continue to grow to meet the demands of rising populations and higher incomes.
The results of this first-ever assessment are a true call for action. We need to step up our global and common efforts to better identify the financial literacy needs of 15-year-olds and explore ways to improve this essential life skill, warned OECD Secretary-General.
Portugal’s economy appears to be turning the corner. We expect growth of 1.1% this year and 1.4% in 2015, broadly in line with government projections. Unemployment is starting to decline, exports are booming and the public debt is being gradually brought under control. To cement this improving scenario, it is important to maintain the reform agenda, and to continue to address the high levels of corporate debt and public debt.
Based on recent trends, many middle-income countries are not growing fast enough to reach average income levels in the OECD countries by 2050. This includes several lower middle-income countries – such as India, Indonesia and Viet Nam – but also countries in the upper middle-income bracket, such as Brazil, Colombia, Mexico, and South Africa, said OECD Secretary-General.
Angus Maddison was a “chiffrephile”, whose work enabled us to understand the world we live in through economic history. He believed that numbers sharpened debate. Quantification, he wrote, “is more readily contestable and likely to be contested.”, underlined OECD Secretary-General.
We live in an interconnected world and, more often than not, the solutions to our most pressing challenges are also interconnected. This is the beauty of development: you can look at what others did and adopt or adapt the best of it. There is no copyright on good policy, said OECD Secretary-General.
Europe and Latin America have a rich and vibrant history of partnership and collaboration, and as the global economic landscape shifts, there is a great opportunity to deepen the scope of their work, said OECD Secretary-General.
La relación de la OCDE con América Latina sigue creciendo, junto con la importancia de la región en la economía internacional. La participación de los países latinoamericanos en nuestros comités, working groups e iniciativas es más fuerte que nunca.
La France peut faire davantage pour mieux soutenir l’innovation dans le secteur privé et améliorer la répartition des financements publics. Il est essentiel de finaliser la mise en œuvre des réformes nécessaires pour une meilleure politique de recherche et d’innovation et une relance de la compétitivité, a déclaré le Secrétaire général de l’OCDE.