Statement by Secretary-General Angel Gurría at the occasion of the OECD-WB Conference on challenges and policies for promoting inclusive growth, 24-25 March 2011 at OECD, Paris.
In his remarks to "Making Reform Happen", Angel Gurría said that "well-designed and well-implemented reforms yield a triple dividend. They lift output and employment; they strengthen public budgets and they rebalance global demand."
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."
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.
Governments and central banks have implemented wide-ranging support packages in response to the global crisis. Discretionary fiscal measures, coupled with cyclical revenue losses and expenditure hikes, have resulted in a sharp increase in budget deficits, which are projected to peak at 8¼ per cent of GDP in the OECD area as a whole in 2010. How to get out of this dangerous spiral? How can we address this challenge while at the same
Speaking at the Urban Roundtable of Mayors and Ministerse, A. Gurría recommended to make the analysis of green growth more systematic and to develop a common set of urban environmental and economic indicators.
Presenting this report in Rome, Angel Gurría said that Italy has made significant progress in cutting regulatory costs, liberalising product markets and modernising its public administrations in recent years. He added that Italy must continue along the path of regulatory reform to make its economy more competitive and speed up its recovery from the economic crisis.
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On 28 April, at the 2010 Annual Congress of German Administration, Rolf Alter, Director of the Directorate for Public Governance and Territorial Development, spoke about regulatory governance in Germany, effective regulatory policy and its impact.
In his remarks to the Central Bank of Greece, Mr. Gurría offered the OECD support, expertise, and policy experience to help Greece modernise its economy and put it on a path of sustained growth.
Recent reforms have improved Mexico’s overall budget framework, helping it to withstand the current global crisis, but further reforms are needed to ensure long-term fiscal sustainability, according to the OECD Secretary-General.