Just two weeks ago, the OECD updated its Economic Outlook, and the picture is bleak. Our forecasts indicate that this year we will face the biggest recession in the OECD's 60-year history. Given the uncertainty surrounding the development of COVID-19, we present two scenarios in the Outlook.
The format of today’s discussion bears witness to the rapid changes imposed upon us by the global coronavirus pandemic. In fact, Mr President: it was only six months ago that I had the privilege of welcoming you to Paris in person for a meeting of the OECD Council.
2020 IMF and World Bank Spring Meetings: Written Statement to the Development Committee
This crisis comes against the backdrop of strained global trade, stagnating global growth, protracted conflict and climate-related crises – not to mention the constrained fiscal space and existing challenges in the health and social structures in many countries.
Today, we are only ten years away from delivering on the SDGs, including the complete eradication of extreme poverty. This means lifting just under 10% of the world’s population – around 700 million people – out of extreme poverty over the next decade.
Advancing access to clean energy across Africa is essential. Over 645 million people still lack access to electricity across the continent, and around 40% of formal businesses report a lack of access to electricity as a major constraint.
Strengthening Colombia's competitiveness is essential for promoting more inclusive and sustainable growth which can improve the well-being of Colombians. And we are pleased to see that the Colombian government is committed to this objective.
2019 IMF and World Bank Annual Meetings - Written Statement to the Development Committee
Development co-operation and humanitarian assistance are in place to bring relief, support, and hope to people in crisis and despair.
The SDGs are the most ambitious, challenging and complex policy agenda that the global community has ever attempted to deliver. To achieve the 2030 Agenda, governments need to coordinate, consult, and work across policy areas in unprecedented ways.