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As stretched public finances provide limited opportunities for public investments, it is critical for governments from advanced, emerging and developing countries to engage the private sector now to scale-up investment in transport infrastructure, said OECD Secretary-General.
Our reforms, just as our decisions to cut spending or keep growing our debts, have to be focused on one priority: the people, those living with less than 5 dollars a day or among the 200 million unemployed worldwide. Let’s not forget that growth is not an end in itself, but a means to improve the lives of people, Said Angel Gurría.
Ports are the nervous system of global trade. Over 80% of world cargo (by volume) is transported by sea. Our efforts to raise the efficiency, competitiveness and sustainability of ports can help boost trade, growth and jobs. It can also help us to promote green growth and development in the poorest regions, said OECD Secretary-General.
To sustain future growth, many developing countries are exploring new opportunities through industrial policies to move up value chains, attract foreign direct investment (FDI), increase South-South trade, and tap new markets created by the emerging middle class, said OECD Secretary-General.
Prime Minister Passos Coelho has defined as a key priority for his Government the promotion of economic growth and employment, while sheltering the social groups most affected by the recession. He has adopted courageous – and necessary – steps to address some of the underlying weaknesses of the Portuguese economy, said OECD Secretary-General.
L'Italia ha compiuto notevoli progressi rafforzando le finanze pubbliche e adottando una vasta serie di riforme destinate ad incoraggiare la crescita economica. Il nuovo Governo deve garantire il rafforzamento di tali progressi e il perseguimento della medesima strada, secondo Angel Gurría.
Italy took courageous decisions and engaged reforms to address the crisis and create the necessary conditions to ensure economic recovery. The economic situation remains fragile but you are making visible progress and it is crucial to maintain the reform momentum, said OECd Secretary-General.
The fight against corruption is one of the most important challenges facing the international community. This is not only a moral battle. It is also a stride for business efficiency, the effectiveness of the public administration, and ultimately for growth and development, said OECD Secretary-General.
The new government’s resolve to revitalise the economy through a three-pronged strategy, combining bold monetary policy, flexible fiscal policy and a growth strategy is most encouraging, said OECD Secretary-General.
Japan is emerging from a difficult five-year period, marked by two major shocks -- the 2008 global financial crisis and the tragic 2011 Great East Japan Earthquake -- and three recessions. We admire the courage and resolve of the Japanese people in face of such adversity and we confirm our feeling of optimism and dynamism in Japan, said OECD Secretary-General.