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News

Greece : OECD welcomes fiscal consolidation plan, says it will help strengthen economy

04-May-2010

OECD Secretary-General welcomes the fiscal consolidation plan and loan package agreed by the Greek government, its Euro area partners and the International Monetary Fund. The plan provides Greece with the breathing space it needs to bring its public finances under control.

Economics : OECD's Gurría mourns death of economist Angus Maddison

26-Apr-2010

OECD Secretary-General Angel Gurría lamented the recent death of the distinguished British economist Angus Maddison, who held a number of senior posts at the OECD and its fore-runner, the Organisation for European Economic Cooperation, between 1953 and 1978.

Aid : Development aid rose in 2009 and most donors will meet 2010 aid targets

14-Apr-2010

New OECD figures show continuing growth in development aid in 2009, despite the financial crisis. Total net official development assistance (ODA) from the donors in the OECD’s Development Assistance Committee (DAC) rose 0.7% in real terms, but the rise was 6.8% once debt relief, a volatile item, is excluded.

Corruption : OECD’s Gurría welcomes passage into law of UK Bribery Bill

08-Apr-2010

OECD Secretary-General Angel Gurría today welcomed the passage into law of the UK Bribery Bill. “The OECD has highlighted the key role its members must play in the global fight against foreign bribery. With these tougher laws, the UK is now well placed to help lead this fight.”

Finland : Fiscal consolidation key to restoring growth

07-Apr-2010

Hard-hit by the collapse in exports and faced with the costs of the recession and of population ageing,  Finland will need to strengthen its public finances through reining in municipal spending growth and pursuing further labour market and retirement reforms. Improving the tax system and lowering regional labour market disparities would help tackle rising inequality.

Tax: Revised OECD, Council of Europe treaty will boost multilateral cooperation

06-Apr-2010

The OECD and the Council of Europe have agreed on an update to an international treaty that aims to help governments enforce their tax laws, as part of the worldwide drive to combat cross-border tax evasion.

South East Europe : OECD urges policy reforms to support inward investment

30-Mar-2010

South East Europe (SEE) needs to attract more and better inward investment to pull out of the economic downturn and build the basis for long-term sustainable growth.  Achieving this will require further major policy reforms, according to a new OECD analysis.

Turkey : OECD welcomes efforts to tackle bribery in international business deals

25-Mar-2010

Turkey has made significant  progress in its efforts to combat bribery in international business deals by fully implementing all but one of the recommendations made by the OECD Working Group on Bribery since 2007, earning praise from the other 37 countries that are Party to the OECD Anti-Bribery Convention at a recent meeting in Paris.

China : OECD head calls for more social spending, flexible exchange rate

23-Mar-2010

In a speech at the China Development Forum in Beijing, OECD Secretary-General Angel Gurría recommended that China adopt a more flexible exchange rate regime to avoid looming inflationary pressures and that it boost public spending on education, health, pensions and social assistance. In a contribution to the Forum, the OECD underlined the importance of domestic economic reforms for harmonious globalisation.

Global economy : OECD contributes to G20 efforts to bring public finances under control

22-Mar-2010

The OECD has produced a set of recommendations for G20 governments to help them rein in escalating – and some cases unprecedented - levels of public debt.  The recommendations focus on strategy, timing and action and looks at reforms that can strengthen public finances over the longer term. 




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