It is my great pleasure to be at today’s event, a key part of the Institutional Investors and Long-term Investment project. Before presenting the OECD’s latest work in this area, and our high-level contributions to the G20, let me take a moment to explain why long-term investment is so fundamental to the pursuit of stronger, greener and fairer growth.
Me da mucho gusto participar en esta conferencia sobre los principales retos y oportunidades para el comercio y la inversión en América Latina. La colaboración de la OCDE con América Latina es cada día más extensa y relevante, por ello acepté de inmediato esta invitación.
It is my pleasure to welcome you to the 2015 G20-OECD Global Forum on International Investment. The forum provides an important opportunity for dynamic, frank and constructive dialogue on measures to catalyse investment and develop a more coherent and cohesive global trade and investment regime.
I am particularly pleased to introduce this session of the Ministerial as boosting investment in human resources is a key pillar of a successful strategy to foster the G20 inclusive growth agenda. The G20 Skills Strategy, in this regard, is a very timely initiative.
The impact of smart investment goes beyond private interests. Investing in infrastructure - especially social infrastructure - can connect communities, enhance social cohesion and make economic growth benefit the people. Yet, as the demand for infrastructure increases with growth, trade and urbanisation, developing countries are struggling to meet their infrastructure needs.
The landscape of development finance has changed significantly since Monterrey in 2002 and Doha in 2008. There is now a clear understanding that the resource implications for the Sustainable Development Goals require not only scaled-up Official Development Assistance but also massive mobilisation of private investment and more effective domestic tax collection.
With the world economy stuck in a low growth equilibrium, this is an opportune time to push responsibility to the forefront of our economies, to help put us on the path to stronger, greener and more inclusive growth.
As every year, the OECD gathers a unique blend of creative minds, decision-makers and experts from all walks of life, to find the solutions to pressing global challenges. This year we are plunging into the epicentre of economic activity and human progress: investment.
Speech to open the OECD’s second annual Green Investment Financing Forum – the GIFF – with Al Gore. This event, which is part of Climate Week Paris, is a key staging post on our journey to COP21 at the end of the year.
We, in the OECD, share the conviction that investment is one of the key cylinders of the global economy – but it needs new fuel and probably another kick-start to function again properly, in order to support a stronger and more inclusive recovery in Europe and on a global scale.