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News & Events
News
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26-Oct-2011
For Brazil, returns to investment in infrastructure are likely to be substantial, especially if designed with environmental benefits in mind. The government is implementing a second large infrastructure programme, which has been rightly protected from fiscal cutbacks.
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26-Oct-2011
Brazil’s economic and social progress has been remarkable. A key macroeconomic challenge will be to damp inflation in a context of abundant global liquidity, and removing obstacles to investment will be crucial to sustaining strong economic growth. Faster infrastructure development would help to achieve better economic and social performance.
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14-Oct-2011
Good progress is being made to cut the fiscal deficit, but more needs to be done. The government should continue to fully comply with the conditions and targets of the EU-IMF programme in order to reduce the budget deficit to below 3% of GDP by 2015. Strengthening the fiscal framework, broadening the tax base and improving public sector spending efficiency will help to achieve this goal.
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14-Oct-2011
To increase value for money, the government should consider making service provision to or on behalf of government more contestable; facilitate the hiring of more specialists and enhance the fluid movement of employees both within and between the public and private sectors; improve performance monitoring and rationalise non-commercial state agencies.
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14-Oct-2011
Following comprehensive stress tests, the banking system has been recapitalized, but the banks still require liquidity support from the Eurosystem and deleveraging must continue. Financial supervision and oversight is being extensively overhauled. The household debt resolution framework needs upgrading and bank liability guarantee should be eventually narrowed. A revised set of indicators can help to prevent future crises.
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14-Oct-2011
The crisis caused a sharp rise in joblessness. A three pillar plan of: welfare reform; better activation policies; and a sustained reduction in unit labour costs will help to foster the return to work and thus stave off rising social exclusion.
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14-Oct-2011
Structural strengths of the Irish economy include its business friendly environment, flexible labour markets and a skilled labour force. This can be built on with further reforms to enhance competition in non-tradables, improve innovation efforts and lift the quality of education.
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14-Oct-2011
The three-year EU-IMF adjustment programme is on track. Good progress is being made to cut the fiscal deficit, but more needs to be done. The banking system has been recapitalized but deleveraging must continue. Structural reforms should address high unemployment and further improve competitiveness.
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25-May-2011
The OECD and South Africa will open a centre to help African governments manage their debt and bond markets in Midrand, South Africa.
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17-May-2011
Mexico needs to maintain growth-enhancing investments and social policies to catch up with average OECD living standards and reduce poverty. Therefore, the significant effort of recent years to strengthen tax revenues should continue, particularly with a view of attaining a more efficient tax system with higher independence from oil revenues.
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