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G20 governments should prevent further deterioration in their collective trade and investment policy stance and focus on promoting open markets to re-boot growth in the world economy, according to the OECD, WTO and UNCTAD.
Small and medium-sized businesses (SMEs) requesting loans between 2007 and 2010 faced higher interest rates than for large companies. Loan conditions for SMEs included shortened maturities and increased demands for collateral, suggesting that banks considered smaller firms to be a higher risk.
Small and medium-sized businesses are engines of economic growth, but access to finance remains one of the biggest challenges for their development and often their survival.
Foreign investment in North Africa and the Middle East needs to diversify away from the oil and gas industries and be encouraged to focus on areas which have a greater impact on boosting jobs, according to a new joint study by the OECD and World Economic Forum.
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The outlook for the global steel market has become more uncertain, according to industry and government officials at the OECD’s Steel Committee meeting in Paris on 5-6 2011 . Policies to support open markets for raw materials are key, they said.
Ministers from OECD and developing economies will today agree new guidelines to promote more responsible international business conduct by multinational enterprises, and a second set of guidelines to limit the use of conflict minerals.
Most G20 governments have put in place new restrictive trade measures over the past six months but have on the whole honoured their pledge to keep international investment open in the wake of the crisis.
The OECD/NEA will co-organise a G8-G20 meeting on nuclear energy safety issues 7-8 June, as part of international efforts to learn from the accident at Japan’s Fukushima Daiichi nuclear power plant and help prevent similar disasters in the future.
Companies worldwide will be given greater guidance and support on how to conduct their business responsibly and report on their sustainability performance thanks to a partnership between the Global Reporting Initiative and OECD.
The OECD Guidance for Responsible Supply Chain Management of Minerals from Conflict-Affected and High-Risk Areas was endorsed by the ICGLR on 30 September 2010 and will be put forward for adoption at the ICGLR’s Special Summit of Heads of States on 19 November 2010 as part of a package of tools designed to improve transparency and accountability in the minerals sector.