Solving the long-term investment ‘puzzle’ must, by its very nature, be a joint effort between public and private sectors. Policymakers need to partner with institutional investors to find workable solutions, said OECD Secretary-General in Montreal.
Today, Costa Rica becomes the 45th country to adhere to the Declaration. This commitment is further evidence of Costa Rica’s strong pledge to create an attractive climate for investment, to build on previous efforts which have already contributed substantially to the country’s economic progress. It is also an important step to strengthen the growing ties between Costa Rica and the OECD, said Angel Gurría.
The OECD is deeply saddened by the tragedy at Rana Plaza in Bangladesh. Our hearts go out to all of those affected. This event is a dramatic wakeup call for the international textile industry, governments, and other stakeholders to address the risks before they result in tragedies such as this.
The fight against corruption is one of the most important challenges facing the international community. This is not only a moral battle. It is also a stride for business efficiency, the effectiveness of the public administration, and ultimately for growth and development, said OECD Secretary-General.
We are witnessing an increasingly worrying disconnect between buoyant financial markets on the one hand and a stubbornly weak real economy leading to uncertain prospects for companies, and enduring economic hardship for people, said OECD Secretary-General.
The OECD has much to offer to the G20 and can help the Presidency to deliver concrete and meaningful outcomes on the issue of financing for investment, said Angel Gurría, OECD Secretary-General.
The revised OECD Guidelines for Multinational Enterprises are here to sustain a culture of responsible business conduct worldwide. They empower enterprises to meet their responsibilities toward society and provide clearer expectations for companies. This reduces uncertainty and makes doing “good” business easier.
Secretary-General Angel Gurría discusses the efforts of the OECD to support Egypt, Jordan, Morocco, Tunisia and other MENA countries to restore investor confidence, tackle unemployment and foster policy conditions for strong, sustainable and balanced growth.
Secretary-General Angel Gurría discussed how co-operation is key in order to best use international capital flows as a tool to finance growth and development that make our economies more prosperous and resilient while dealing with their challenges.
The economic crisis that started in 2007 gave rise to a crisis of legitimacy and a widespread collapse of trust in markets, in firms, and in the governance of our economies. We need to build up that trust again and the OECD Guidelines for Multinational Enterprises and the OECD Anti-Bribery Convention are essential tools for fighting bribery and promoting responsible corporate behaviour.