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Latin American and Caribbean countries need to do more to improve budget management, tax collection and public sector pay equality if they are to catch up with advanced economies in terms of government performance, according to a joint report by the OECD and the Inter-American Development Bank (IDB).
Responsible business conduct is crucial for open and stable international investment climates. OECD Secretary-General Ángel Gurría will open the 2014 OECD Global Forum on Responsible Business Conduct on 26-27 June 2014, together with Dutch Minister for Foreign Trade and Development Co-operation Lilianne Ploumen and French Minister for Finance and Public Accounts Michel Sapin.
OECD Unit Labour Costs up 0.4% in the first quarter of 2014 as labour productivity falls
The OECD’s Teacher and Learning International Survey (TALIS) will be published at 11.00 a.m. Paris time (09.00 GMT) on Wednesday 25 June 2014.
Andorra has become the 48th signatory to an OECD Declaration that commits countries to end bank secrecy for tax purposes.
Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.
Economic recovery in the United States is stronger than in most OECD countries, but it will remain sluggish unless new reforms are launched to boost growth, according to OECD’s latest Economic Survey of the United States.
Due to serious concerns about the extremely low level of enforcement of Japan’s offence of bribing foreign public officials – just three prosecutions since 1999 – the OECD Working Group on Bribery recommended in December 2013 that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.
The OECD Working Group on Bribery supports Spain’s efforts to further reform its Penal Code to bring its anti-bribery law into line with its international obligations under the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions.
Serious steps must be taken by Slovenia to ensure that it effectively detects, investigates and prosecutes allegations of transnational bribery.