G7/G8 references to the work of the OECD

 

AFRICA

"3. NEPAD presents a bold and clear-sighted African vision of how Africa is assuming responsibility for its development and full integration into the world economy. The G8 countries encourage and support this important endeavour and therefore fully commit themselves to strengthening their partnership with Africa. The United Nations and the Organisation for Economic Cooperation and Development have adopted NEPAD as the basis upon which to build future relations with Africa . We particularly welcome the UN General Assembly resolution adopting NEPAD as the general framework around which the international community including the United Nations system (A/RES/57/2) should concentrate its efforts for Africa's development."

"8. Accountability is central to NEPAD and the AAP: the accountability of African Leaders to their people and to each other as well as the determination of developed partners to match that commitment. Individually, G8 partners have begun to give practical expression to that - for example, in the decision of some G8 partners to include African participation in the OECD Development Assistance Committee (DAC) peer-review process ."

Annex 5.10. "consensus building in the DAC Guidelines to consider as Official Development Assistance a more inclusive range of assistance provided to enhance capacities to undertake peace support operations and related activities."
(Implementation Report by African Personal Representatives to Leaders on the G8 African Action)

CORPORATE GOVERNANCE

"1.3. Accountability and enhanced corporate governance
We reaffirm that companies must be accountable to their shareholders. As underscored in the OECD Principles of Corporate Governance , other stakeholders also have strong interests in these issues. To this end, we call for continued efforts globally to enhance corporate governance.
We also strongly support the on-going review of the OECD Principles and the implementation of the International Organization of Securities Commission (IOSCO) principles relating to corporate governance."

"2. Corporate social responsibility
We will work with all interested countries on initiatives that support sustainable economic growth, including the creation of an environment in which business can act responsibly. We also welcome voluntary initiatives by companies that promote corporate social and environmental responsibility, such as the OECD Guidelines for Multinational Enterprises and the UN Global Compact principles consistent with their economic interest. We encourage companies to work with other parties to complement and foster the implementation of existing instruments, such as the OECD guidelines and the ILO 1998 Declarations on Fundamental Principles and Rights at work."
(Fostering Growth and Promoting a Responsible Market Economy - a G8 Declaration

CORRUPTION AND TRANSPARENCY

"2.1. accelerate peer reviews of each country's implementation of the OECD Bribery Convention , accompanied by the public release of these results, so as to complete a first cycle of reviews by 2007. We will work together with our OECD Convention partners to ensure stable, long-term financing for these reviews;"
(Fighting Corruption and Improving Transparency - a G8 Declaration)

"4.3. support issuance in June by theFinancial Action Task Force (FATF) of a revised 40 Recommendations that includes strong customer due diligence provisions, enhanced scrutiny for politically exposed persons and a requirement to make corruption and bribery a predicate offence for money laundering.

4.4. encourage all countries to work to come into compliance with the revised FATF Recommendations, and to apply the Basel Committee's guidance on customer due diligence for their banking sectors;"
(Fighting Corruption and Improving Transparency - a G8 Declaration)

"3.1 Supporting steps by our Finance Ministers to co-ordinate counter-terrorism financing measures and to work with the Financial Action Task Force and the international financial institutions (IFIs) to address terrorist financing, capacity building and other counter-terrorism objectives in their assessment and assistance initiatives.
(Building International Political Will and Capacity to Combat Terrorism - a G8 Action Plan)

FINANCIAL SECURITY

"We also encourage voluntary private sector initiatives that foster and complement such international efforts to promote corporate social and environmental responsibility as the OECD Guidelines for Multinational Enterprises and the UN Global Compact principles.
We reaffirm our strong commitment to combat terrorist financing. We call on the Financial Action Task Force to deepen its engagement with the UN and the International Financial Institutions, to foster worldwide compliance with international standards against terrorist financing and delivery of related technical assistance. We look forward to further work on the misuse of alternative remittance systems and non-profit organisations and to developing more effective freezing regimes. We welcome the progress achieved by the IMF, the World Bank and the FATF on the pilot program of assessments and look forward to its evaluation. We look forward to revised FATF recommendations by June, establishing an enhanced standard in the fight against money laundering and financial crime. We urge all OECD countries to implement the standards set out in the OECD's 2000 report on access to bank information and to ensure effective exchange of information for tax purposes."
(G8 Finance Ministers' Statement)

SUSTAINABLE DEVELOPMENT

"We will enhance our understanding of resource material flows and continue work on resources productivity indices, notably in the Organisation for Economic Co-operation and Development."
(3rd lastparagraph Science and Technology for Sustainable Development - a G8 Action Plan)

"2.2 Promote rapid innovation and market introduction of clean technologies, in both developed and developing countries, including at the Milan Conference of the Parties of the United Nations Framework Convention on Climate Change and beyond, at the International Energy Agency (IEA) and other international fora such as the UN Economic Commission for Europe, the Expert Group on Technology Transfer, etc, finding appropriate methodologies to involve the private sector;"
(Science and Technology for Sustainable Development - a G8 Action Plan)

"2.4 Accelerate the development of fuel cell and hydrogen technologies (power generation, transportation, hydrogen production, storage, distribution, end-use and safety):
" increase international co-operation and exchange of information in pre-competitive research based on the principle of full reciprocity through the IEA and other existing organisations;"
(Science and Technology for Sustainable Development - a G8 Action Plan)

ICT IN DEVELOPMENT AND POVERTY REDUCTION
"The Genoa Plan of Action also called upon bilateral and multilateral development assistance programs to better integrate ICT for development as a strategic, cross-cutting theme in their own development efforts and country strategic plans. This call did not fall on deaf ears- several bilateral and multilateral donor agencies have released or are in the process of developing strategies for mainstreaming ICTs into development programming. The Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) has begun to play a key role in sensitizing donors to the catalyst role of ICTs in development and poverty reduction and in mainstreaming ICTs
into OECD member countries' development assistance programs."
(DOT Force Report Card: Digital Opportunities for All)


AFRICA ACTION PLAN
"Supporting African peer-review arrangements - including by:
Encouraging cooperation with respect to peer-review practices, modalities and experiences between the Organisation for Economic Co-operation and Development (OECD) and the ECA, including the participation by the ECA in the OECD Development Assistance Committee (DAC) peer-review process where the countries under review so agree;
(Par. 2.3)

"Intensifying support for the adoption and implementation of effective measures to combat corruption, bribery and embezzlement - including by:
- [...] Strengthening and assisting the implementation and monitoring of the OECD Bribery Convention and assisting anti-bribery and anti-corruption programmes through the international financial institutions (IFIs) and the multilateral development banks;
- [...] Supporting voluntary anti-corruption initiatives, such as the DAC Guidelines , the OECD Guidelines for Multinational Enterprises , and the UN Global Compact;"
(Par. 2.6)

"Improving the effectiveness of Official Development Assistance (ODA), and strengthening ODA commitments for enhanced-partnership countries - including by:
- Ensuring effective implementation of the OECD/DAC recommendations on untying aid to the Least Developed Countries;
- Implementing effectively the OECD agreement to ensure that export credit support to low-income countries is not used for unproductive purposes;
- Supporting efforts within the DAC to reduce aid management burdens on recipient countries and lower the transactions costs of aid;
- Taking all necessary steps to implement the pledges we made at Monterrey, including ODA level increases and aid effectiveness; and,
- Reviewing annually, within the DAC and in coordination with all relevant institutions, our progress towards the achievement in Africa of the Development Goals contained in the United Nations Millennium Declaration."
(Par. 3.6)

UNTYING DEVELOPMENT AID
Official development assistance (ODA) is essential. We will work with developing countries to meet the International Development Goals, by strengthening and enhancing the effectiveness of our development assistance. We commit ourselves to implement the landmark OECD-DAC Recommendation on Untying Aid to LDCs which should increase aid effectiveness and achieve more balanced effort-sharing among donors
(Par. 14, G8 Communiqué).

ANTI-CORRUPTION
Open, democratic and accountable systems of governance, based on respect for human rights and the rule of law, are preconditions for sustainable development and robust growth. Thus, we shall help developing countries to promote: . . . [six bullet points follow] . . .

  • We, for our part, will:
    Implement fully the OECD Bribery Convention . . .
    (Two bullet points follow. Par. 6, G8 Communiqué)

FOOD SAFETY AND BIOTECHNOLOGY
We welcome the outcome of the recent Bangkok conference on new biotechnology food and crops and the ad hoc meeting of regulators from OECD countries and Russia. We encourage the relevant international organizations to follow up the conference, as appropriate, within their own respective mandates. Furthermore, we welcome the establishment of the joint FAO/WHO Global Forum of Food Safety Regulators. We also appreciate the work of the Inter-Academy Council in publicizing balanced professional views on the science of food safety. All these meetings demonstrate our commitment to a process of dialogue aimed at strengthening public confidence in food safety.
(Par. 31, G8 Communiqué).

EXPORT CREDITS AND THE ENVIRONMENT
We are committed to ensuring that our Export Credit Agencies (ECAs) adhere to high environmental standards. We therefore agreed in Okinawa to develop common environmental guidelines for ECAs, drawing on relevant MDB experience. Building on the progress made since last year, we commit to reach agreement in the OECD by the end of the year on a Recommendation that fulfills the Okinawa mandate.
(Par. 29, G8 Communiqué).

HARMFUL TAX PRACTICES
We look forward to the 2001 OECD progress report on harmful tax practices and support the work, as envisaged by our Finance Ministers, aimed at addressing such practices. (Par. 14, G7, July 20).
We welcome the report of the Committee on Fiscal Affairs of the OECD on the harmful tax practices project and affirm our support for the work, with its recent developments, aimed at addressing such practices in OECD Member countries, non-OECD economies and tax haven jurisdictions. We look forward to the publication of the OECD 2001 progress report.
(Par. 14, G7 Finance July 7 Statement on Fighting the Abuses of the Global Financial System). For further references to this initiative, see pars. 15-21

EXPORT CREDITS AND HIGHLY INDEBTED POOR COUNTRIES (HIPCS)
At Okinawa G-8 Leaders highlighted the importance of responsible lending by donors. We note the work of the OECD on strengthening measures to ensure that export credit support to HIPCs and other low-income countries is not used for unproductive purposes and welcome the agreement to a Statement of Principles in relation to HIPCs. We call on the OECD to consider further measures to enhance transparency in this field, including a published review of national rules and regulations.
(Par. 11, G7 Finance Report, Debt Relief and Beyond)

E-COMMERCE/DIGITAL DIVIDE
We welcome the progress made by the OECD on addressing electronic commerce taxation issues and we note in particular the considerable progress that has been achieved since our Fukuoka Report of last year on specific issues relating to direct and indirect taxation, as well as on the tax administration challenges and opportunities. We also note that Tax Administrations of OECD and non OECD countries gathered recently in Montreal, and that the validity of the Taxation Framework Conditions , that were agreed in Ottawa in 1998 by OECD countries, has gained considerable endorsement. We encourage a continued fruitful dialogue between OECD and non- OECD governments and business. We urge the OECD to continue working towards implementation of the Ottawa Taxation Framework Conditions in particular with respect to consumption tax aspects .
(Pars. 22-25, G7 Finance July 7 Statement on Fighting the Abuses of the Global Financial System)

MONEY LAUNDERING/CORPORATE VEHICLES
We note that important progress has been made on four issues identified in our Fukuoka report as vital to combat money laundering: [...] we underscore our continued concern that corporate vehicles, under certain conditions, can be misused for money laundering and other illegal purposes. We welcome the OECD's report on corporate vehicles, which suggests a menu of possible options to address this matter.
(Par. 8, G7 Finance July 7 Statement on Fighting the Abuses of the Global Financial System)

INVESTMENT FOR DEVELOPING COUNTRIES
The implementation of investment related best practices as well as the development of international principles, codes and standards can provide guidance for and underpin domestic reform efforts by developing countries . . . We also encourage the continued discussion on investment in the WTO working group and urge the relevant international institutions, in particular the World Bank, the OECD, WTO and UNCTAD, to continue their co-operative efforts focusing on best practices with respect to the protection of property rights, investor protection, investment policies, competition-enhancing policies and transparent tax regimes.
(Par. 24, G7 Finance Report, Debt Relief and Beyond).

HARMONISING PROCUREMENT AND FINANCIAL MANAGEMENT OF MULTILATERAL DEVELOPMENT BANKS
A progress report on harmonisation of procurement and financial management will be prepared by the World Bank, in consultation with the other MDBs, for the Development Committee in Fall 2001. We propose that the MDBs build on this by agreeing on an Action Plan indicating the steps needed to pursue the objective of harmonization. This Action Plan could be a part of the MDBs' contribution to the ongoing OECD/DAC process of harmonization.
(Par. 37, G7 Finance July 7 Statement on Strengthening the International Financial System and the MDBs)

CONFLICT PREVENTION AND DEVELOPMENT
We are promoting the consideration of conflict prevention in development assistance strategies, with a view to achieving quicker and better co-ordinated assistance strategies -- including the HIPC initiative -- and ensuring a smooth transition from relief to post-conflict development. A significant example of such consideration is the April 2001 OECD/DAC Supplement to the 1997 Guidelines ("Helping Prevent Violent Conflict: Orientations for External Partners").
(Conclusions of G8 Foreign Ministers, Rome 18-19 July, Attachment 1, Progress on the Miyazaki Initiatives.)

STRENGTHENING THE ROLE OF WOMEN IN CONFLICT PREVENTION
In line with the 1997 OECD/DAC statement and its April 2001 Supplement, the G8 is confident that women's full and equal participation in all the phases of the process of conflict prevention, resolution and peacebuilding will enhance the opportunities for building a just and peaceful society.
(Conclusions of the meeting of the G8 Foreign Ministers, Rome, July 18-19, Attachment 2, G8 Roma Initiatives on Conflict Prevention.)

CORPORATE CITIZENSHIP AND CONFLICT PREVENTION
The G8 has identified this issue as a priority area for attention and initiative . . . and takes note of initiatives such as the UN Secretary General's Global Compact, the OECD OECD Guidelines for Multinational Enterprises and similar work in other multilateral fora, including the World Bank.
(Conclusions of the meeting of the G8 Foreign Ministers, Rome, July 18-19, Attachment 2, G8 Roma Initiatives on Conflict Prevention.)

 

 

 

Countries list

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