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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.
OECD Secretary-General Angel Gurría welcomed the recent signing into law by Russian President Dimitri Medvedev of legislation that criminalises foreign bribery, with monetary sanctions for companies and individuals who bribe foreign public officials.
In 2010, net official development assistance (ODA) flows from members of the Development Assistance Committee (DAC) of the OECD reached USD 128.7 billion, representing an increase of +6.5 % over 2009. This is the highest real ODA level ever, surpassing even the volume provided in 2005 which was boosted by exceptional debt relief. Net ODA as a share of gross national income (GNI) was 0.32%, equal to 2005, and higher than any other
Aid flows from OECD Development Assistance Committee (DAC) donor countries totalled USD 129 billion in 2010, the highest level ever, and an increase of 6.5% over 2009. This represents about 0.32% of the combined gross national income (GNI) of DAC member countries.
The OECD and the International Law Students Association (ILSA) joined together to develop the compromis for the 2011 Philip C. Jessup International Law Moot Court Competition. TheOECD Anti-Bribery Convention and the OECD Guidelines for Multinational Enterprises formed part of the dispute.
We recently received assurances from the highest levels of the UK government that they would issue guidance which would allow the UK’s Bribery Act 2010 to enter into force,” said OECD Secretary-General Angel Gurría.
The OECD’s Working Group on Bribery has today received assurances from the highest levels of the UK government that the guidance necessary to implement the nation’s Bribery Act 2010 will be published shortly.
The Chair of the OECD's Working Group on Bribery has expressed concern that the entry into force of the new Bribery Act is to be delayed.
Iceland must do more to ensure its law enforcement authorities are coordinated and adequately resourced to investigate and prosecute economic and financial crime, including foreign bribery, says the OECD in a new report.