The Crisis and Beyond: Building a Stronger, Cleaner and Fairer World Economy
As the centre-piece of the OECD's annual week of meetings and debate on the world economy, the OECD’s 30 member countries will hold their annual Ministerial Council Meeting in the OECD Conference Centre in Paris on 24-25 June 2009, under the chairmanship of Han Seung-soo, Prime Minister of the Republic of Korea. Korea will be assisted by three Vice Chairs: Claus Hjort Frederiksen, Minister of Finance, Denmark; Lord Mandelson, United Kingdom Secretary of State for Business, Enterprise and Regulatory Reform; and a representative from Italy; representing respectively COP15, G20 and G8 to enhance coherence and synergy among international fora.
The theme of this year’s Ministerial meeting is The Crisis and Beyond: Building a Stronger, Cleaner and Fairer World Economy.
Against the backdrop of the most severe financial and economic crisis in decades, this year’s Council at Ministerial Level will address key policy responses to restore financial stability and sustainable long-term growth. The meeting will offer an opportunity for Ministers to review progress, advance solutions and enhance co-operation in tackling the challenges of the world economy. We will give special emphasis to policies preventing all forms of trade and investment protectionism and those ensuring that environmental concerns are taken into account when considering the options to address the crisis.
The Secretary-General, Mr. Angel Gurría, will introduce the strategic directions he proposes for the coming year.
The OECD’s Economic Outlook for the OECD area will be launched at the meeting and a press conference will be held to present it to media (24 June, 11:00-12:00 a.m.).
Ministerial consultations with the Business and Industry Advisory Committee to OECD (BIAC) and the Trade Union Advisory Committee to OECD (TUAC) will take place prior to the ministerial meeting.
To promote the necessary collective convergence in policy and action amongst developed as well as major developing economies, Ministers from Brazil, Chile, Estonia, India, Indonesia, Israel, the People's Republic of China, the Russian Federation, Slovenia and South Africa are invited to participate in all sessions of the meeting. They will be joined for the Trade and Investment session by Ministers from Argentina and Hong Kong, China. Representatives from the Bank for International Settlements (BIS), the International Labour Organization (ILO), the International Monetary Fund (IMF), the World Bank and the World Trade Organisation (WTO) are also invited to attend.
OECD Week will also include the OECD Forum 2009 that will be held in parallel with the ministerial meeting and will take place on 23-24 June 2009 in the OECD Conference Centre. The Forum brings together leaders of government, business, labour and civil society to share their views on the Ministerial meeting’s issues with the media and a broad public audience.
Further information on the Ministerial Council Meeting will be available soon at www.oecd.org/mcm2009.
OECD Secretary-General Angel Gurría notes risks and presents responses to the economic crisis, including global co-operation on medium and long-term strategies to be discussed during OECD's Forum and Ministerial Council Meeting.