This study shows great progress in building a successful policy environment to encourage investment and the resulting acceleration in FDI inflows and economic growth. However, India needs to strengthen and liberalise its regulatory framework and invest more in infrastructure in order to attract increased foreign direct investment, according to the OECD Secretary-General.
The first OECD investment policy review of India is a landmark in the growing co-operation and enhanced engagement between India and the OECD. While the OECD is responsible for its contents, India participated wholeheartedly in the preparatory work at many levels of government and over the whole period from conception to completion.
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In light of the UN Climate change conference in Copenhagen the OECD has prepared a brief analysis of aid in support of greenhouse gas mitigation in developing countries.
In 2008, ten years after their adoption, the Working Group on Bribery undertook a review of the OECD Instruments on Combating Bribery of Foreign Public Officials in International Business Transactions.
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This report outlines Chile's response to the recommendations and follow-up issues identified by the Working Group at the time of Chile's Phase 2 examination in October 2007.
The global economy is recovering faster than expected but remains fragile. How quickly will global trade and investment bounce back after the sharp falls of the past year? What role can international investment play in building a stronger, cleaner, fairer global economy?
The OECD is pleased to see the commitment being made by the UK government to the fight against foreign bribery,” Mr Gurría said.
In the context of the economic crisis, reforms can become an effective vehicle for sustained recovery but governments must find the right balance between an effective regulatory and institutional framework and minimising unnecessary red tape. Moreover, governments cannot reset the economy on their own and the contribution of the women and the private sector will be crucial, according to the OECD Secretary-General.
Opening this event in Marrakesh, Angel Gurría underlined that the economic crisis has not spared the MENA region, with a significant economic contraction and a severe impact on the labour markets. According to the Secretary-General, the MENA-OECD Initiative can serve as a model for effective co-operation in building the global economy of the future.
Following the launch of the SCU Initiative on 1 April 2009, the first meeting of the Working Group on Financial Markets Development and Impact of Central Banks will be held on 17 November 2009 in Warsaw, Poland.