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.
We have made some incredible progress from a time when bribes were considered just part of doing business and companies could claim them back as a tax deduction. But there is still a long way to go. One of our main challenges is ensuring enforcement, said OECD Secretary-General.
"At the end of the day, this is what the G20 is about: its “raison d’être” is to show leadership and equip the global economy with an efficient framework for policy coordination. And trade in raw materials and in food commodities should be no exception to this.", said M. Gurría.
Combating bribery and corruption has become a top global priority, and it is central to our mission. We need to enhance our anti-corruption efforts, strengthen their coherence and improve cooperation with other important actors, like the legal profession practitioners, said Angel Gurría.
Mr. Gurría welcomed the G20's strong political will to fight against corruption and underlined the OECD's anti-corruption global standards on bribery, public procurement, export credits, aid and tax heavens.
In his remarks, A. Gurría said that countries need to be ambitious in taking unilateral actions and that a cost-effective approach to reducing emissions could cost just a fraction of a percentage point of GDP per year.
Speaking at the Ministerial Session of the UN Global Compact Leaders Summit in New York, OECD Deputy Secretary-General Richard Boucher highlights the complementary roles played by the OECD Guidelines for Multinational Enterprises and the UN Global Compact in promoting corporate responsibility.
At the USCIB Global Investment Conference in Washington A. Gurría announced that the OECD is considering the feasibility of a non-binding “Model Investment Treaty”, building on converging understandings in OECD and partner countries and invited other organisations to join these reflections.
Celebrating International Anti-Corruption Day and the 10th anniversary of the entry into force of the OECD’s Anti-Bribery Convention, Angel Gurría talks about the international fight against foreign bribery and the OECD's efforts to highlight its devastating impact.