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Turkey has considerably improved its terms of access to the global capital market. Progress in macroeconomic fundamentals has enhanced credibility and reduced risk premia and capital costs.
To the Public Governance Ministerial Meeting, Angel Gurría underlined that "Trust is a key intangible asset, necessary for the functioning of our market economies", that "Trust is also needed for governments to undertake the necessary reforms to restore long-term sustainable growth."
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The OECD Working Party of Senior Budget Officials (SBO) studies ways to help countries modernise their budget processes. This note highlights key institutional elements of a reformed budget process that can help minimise the extent of any future fiscal crisis.
Under the work programme with Middle East and North African countries (MENA), the third meeting of the OECD-MENA Senior Budget Officials network was held in Dubai, United Arab Emirates, 31 October-1 November 2010, hosted by the authorities of the United Arab Emirates
Plan Avanza, Spain’s national Information Society strategy, has helped it into the knowledge economy. This book identifies areas on which Spain should continue work.
Despite major progress over the last decade, more reforms are needed to meet Indonesia’s medium-term objectives for growth and poverty reduction. The Survey reviews the main challenges in the areas of energy subsidies, infrastructure, labour markets, education, health care and social protection.
The oil price hike in 2007-08 underlined the vulnerability of Indonesia’s energy subsidy policy to oil price volatility. In addition to entailing significant economic and environmental costs, energy subsidies put pressure on the public budget and benefit mostly rich households.
In the current circumstances of weak recovery, high unemployment and constrained room for manoeuvre by macro-economic policies, a robust regulatory environment is key to return to a stronger, fairer and sustainable growth path, said OECD Secretary-General.
In light of the recent financial crisis and the pressing social, environmental and economic challenges facing governments today, this conference offered a timely opportunity to redefine the agenda for regulatory policy with a forward-looking perspective.
The report will help countries to better understand regional policies and to formulate and diffuse horizontal policy recommendations. The analysis suggests an important role for regional policies in shaping sustainable endogenous development.