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Enhancing inclusive growth and fiscal sustainability requires effective implementation of recent reforms and fiscal consolidation. Good public administration and the rule of law are essential for effective policy implementation.
The project, jointly implemented by the OECD LEED Programme and Unioncamere Lombardia, examined the capacity in Lombardy region to support new enterprise creation and the development of small and medium enterprises (SMEs) and how it can be enhanced through local economic and employment development policies.
OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.
Italy has been recovering only slowly from its worst post-war recession. Despite recent reform efforts, many structural problems that have in the past been a serious drag on labour productivity persist. The government has contained the budget deficit to some extent but needs to continue.
Pier Carlo Padoan has been appointed Chief Economist of the OECD. Mr. Padoan will maintain his status of Deputy Secretary-General which he has held since joining the OECD in June 2007.
OECD Secretary-General Angel Gurría has welcomed the decision by G7 Finance Ministers to work towards setting up a set of common principles on integrity, transparency and propriety in global financial and business transactions.