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South Africa should step up its efforts to detect, investigate and prosecute cases of bribery in international business deals, according to a new report by the OECD’s Working Group on Bribery.
During his official visit, Angel Gurría met with government ministers and officials. He also held a press conference on the release of the OECD Economic Survey of South Africa and on ongoing OECD work to combat international bribery.
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The UK should build on its strong foundations to boost its recovery and restore confidence, according to "United Kingdom: Policies for Sustainable Recovery", a new OECD report that Secretary-General Angel Gurria presented in London.
Real GDP in the OECD area grew by 0.6% in the first quarter of 2010 compared with the last quarter of 2009. Stockbuilding was the main contributor to OECD GDP growth for the third consecutive quarter.
OECD countries need to create 17 million jobs to get employment levels back to where they were before the crisis, according to the OECD’s Employment Outlook 2010.
“The introduction of corporate liability into the Slovak Republic’s legislation is a very welcome development,” Mr. Gurría commented. “It sends a strong message of commitment to the fight against corruption and helps create a level playing field for firms competing internationally.”
The economic and financial crisis is accelerating a longer-term structural transformation in the global economy, with the aggregate economic weight of developing and emerging economies on the verge of surpassing that of the countries that currently make up the advanced world, according to new analysis from the OECD Development Centre.
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brazil and Indonesia are now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
GDP in the OECD area rose by 0.7% in the first quarter of 2010, the fourth consecutive quarter of growth for the area.
The Third Annual Meeting of the OECD Roundtable of Mayors and Ministers on “Cities and Green Growth” concluded that national and city leaders must work together to increase cities’ ability to promote green growth.