Today, the region’s economic outlook is rather promising, but they should be no cause for complacency as Africa is still facing multiple economic and social challenges.
We must finish what we started with the current set of MDGs. This requires a significant acceleration of our efforts, given the highly uneven progress across countries, regions and goals, said OECD Secretary-General.
Domestic resource mobilisation or “helping countries help themselves more effectively” is vital to the success of future global development efforts and is one of the four main pillars of the OECD’s Strategy on Development, said OECD Secretary-General.
Development aid policies have helped developing countries reduce extreme poverty, strengthen institutional frameworks and develop a middle class. But there are still 2.4 billion people living in poverty and inequalities in many countries are still at record levels, and in some cases rising, said OECD Secretary-General.
It is both impressive and inspiring to see how far Slovakia has come. Prior to 2004, the Slovak Republic was eligible to receive development assistance, now, in less than a decade; it is becoming a provider of development co-operation, said OECD Secretary-General.
We have come a long way since 2005, when we launched the Aid for Trade initiative in Hong Kong at the 6th WTO Ministerial Conference. Each successive global review has deepened our analysis and broadened our understanding of the dynamics of aid, trade, development and their interaction. In parallel, more and more partner countries and donors have come on board as the tangible results of our efforts become apparent.
Apoyar el emprendimiento y la incorporación de las PYMES latinoamericanas a las cadenas de valor mundial debe ser una de las principales políticas de desarrollo en estos países. Las PYMES son uno de los instrumentos más eficaces de redistribución del ingreso y combate a la pobreza, dijo el Secretario General de la OCDE, Angel Gurría.
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.
Economic growth has played a major role in lifting people out of poverty. However, there is increasing evidence that many of these people did not move up to the middle classes but into an intermediate state of “vulnerability”. Poverty continues to affect millions of people around the world, said OECD Secretary-General.
In a large majority of OECD countries, wage gaps widened and household income inequality increased during the three decades prior to the crisis. Inequalities have also been growing in many emerging economies and developing countries, despite their fast growth over the last years, said OECD Secretary-General.