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Countries participating in a “Freedom of Investment” initiative, which together represent four fifths of the world economy, have pledged to resist discriminatory policies and new forms of protectionism towards investment.
In 2008, total net official development assistance (ODA) from members of the OECD’s Development Assistance Committee (DAC) rose by 10.2% in real terms to USD 119.8 billion. This is the highest dollar figure ever recorded. It represents 0.30% of members’ combined gross national income.
“Governments need to take quick and decisive action to avoid the financial crisis becoming a fully-blown social crisis with scarring effects on vulnerable workers and low income households,” OECD Secretary-General Angel Gurría told G8 Labour and Employment Ministers in Rome today.
OECD Secretary-General Angel Gurría welcomed an announcement by Monaco that it is prepared to enter into agreements for the exchange of information in all tax matters in accordance with international standards developed by the OECD and recognised by the United Nations.
There is wide economic disparity between regions within OECD countries, with some leading national economies and others falling behind. As governments work to grow their economies, they should examine the role that boosting all regions can play in this effort.
As the economic crisis deepens, the public sector is stepping in to restore confidence and stimulate the economy. To be successful, this effort needs to include policy makers at all levels of government, as well as stakeholders in the private sector, civil society and academia.
China should speed up investment in rural services and infrastructure and create jobs in non-agricultural sectors for returning migrants, according to a new OECD report. This will help offset the fast-rising impact of the economic slowdown on the rural economy.
The OECD welcomed an announcement by Macao, China that it intends to implement the OECD standards on transparency and exchange of information for tax purposes.
The theme for the 2009 China Development Forum is "China’s Development and Reform in the Global Financial Crisis".
Mr. Gurría presented in Beijing the first OECD Rural Policy Review of China whose topic is how to build a more diversified rural economy; how can China further stimulate economic activity and overall socioeconomic development in rural areas.