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OECD is preparing a two-pillar action plan for governments, as part of a global response to the world financial crisis, calling for tighter regulation and oversight of financial markets and improved national policies to promote economic growth.
At a meeting in Berlin on 4-5 November 2008, ministers from Central Asian countries agreed to work together on a regional initiative to boost the business climate, drawing on OECD country experiences in policy reforms aimed at spurring investment and competitiveness.
The OECD’s Working Group on Bribery sharply criticised the United Kingdom’s failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation.
The 22 member countries of the OECD Development Assistance Committee, the world’s major donors, provided USD 103.7 billion in aid in 2007.
The OECD Working Group on Bribery has serious concerns about Turkey's implementation of the OECD Anti-Bribery Convention.
Total official development assistance (ODA) from members of the Development Assistance Committee (DAC) fell by 5.1% in 2006 to USD 103.9 billion. This represents 0.30% of members’ combined Gross National Income.
Aid donors will have to increase funding for aid programmes faster that any other public expenditure in order to fulfil their commitments to increase aid to $130 billion and double aid to Africa by 2010, says the OECD’s Development Co-operation Report.
Two-thirds of the aid which the European Commission and the 22 member governments of the OECD’s Development Assistance Committee pledged to countries hit by the Indian Ocean tsunami has been spent or ear-marked for specific projects, according to statistics gathered by the OECD.
China needs to make wide-ranging changes in the way it runs its public and private sectors if it is to continue on a stable growth path leading to full integration into the world economy, according to a new report from the OECD.
Official Development Assistance (ODA) to developing countries increased to USD 78.6 billion in 2004, its highest level ever. Taking into account inflation and the fall in the U.S. dollar, this represents a 4.6% rise in real terms from 2003 to 2004 and follows a 4.3% increase from 2002 to 2003.