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G20 Leaders today endorsed an OECD-launched initiative to encourage the flow of institutional investment towards longer-term assets, such as infrastructure and renewable energy projects, in order to strengthen the global economy.
The OECD Working Group on Bribery has designated Slovenian national Drago Kos to serve as the Group’s new Chair.
Portugal’s enforcement of its foreign bribery laws has been extremely low. Not a single prosecution has resulted from 15 allegations of Portuguese companies bribing foreign officials in high-risk countries.
The current Polish framework for fighting foreign bribery is still inadequate to fully meet foreign bribery risks resulting from Poland’s growing economy, says a new OECD report.
Development aid fell by 4% in real terms in 2012, following a 2% fall in 2011. The continuing financial crisis and euro zone turmoil has led several governments to tighten their budgets, which has had a direct impact on aid to poor countries. There is also a noticeable shift in aid away from the poorest countries and towards middle-income countries. A moderate recovery in aid levels is expected in 2013.
The Czech government must urgently engage with the private sector to raise awareness, says a new OECD report. The awareness of the Czech foreign bribery offence remains regrettably low among companies, despite the recent adoption of a comprehensive corporate liability regime that holds Czech companies liable for this crime.
Denmark’s enforcement of its foreign bribery laws has been weak. Only 13 foreign bribery allegations have surfaced, and sanctions have been imposed in just one case that falls under the Convention. Law enforcement authorities have not been sufficiently proactive, and cases have been prematurely closed without complete investigations. Denmark must take more investigative steps and make greater efforts to gather evidence from abroad.
Responsible for monitoring implementation of the OECD Anti-Bribery Convention, the Working Group on Bribery is seeking to designate a dynamic individual to become its new Chair.
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Kyrgyz Republic, Bishkek - In a joint effort to attract investment and competitiveness, the government of the Kyrgyz Republic has launched a new project with the OECD and “the Promotion of Sustainable Economic Development in Kyrgyzstan” Program GIZ.
The OECD, together with the African Development Bank and International Finance Corporation, will assist the Tunisian authorities in implementing a new law on public-private partnerships(PPPs)and a new investment code in order to increase transparency, openness and predictability for investors.