Financial markets and services are playing a greater social and economic role in the daily life of the average individual. One of the challenges is to move from raising awareness on financial issues to actually changing consumers’ behaviours, notably by integrating financial literacy into school curricula, according to Mr. Gurría.
If we consider the rapid pace of financial innovation, the growing complexity of financial products, and the increasing amount and size of financial risks and responsibilities transferred to households, consumers need to be better equipped to make good, informed and rational financial decisions, according to Mr Gurría.
The economic crisis has generated an urgent need to restore confidence in our future and make the world economy stronger, cleaner and fairer. There is growing political consensus on the need to develop a set of common principles and standards in order to ensure a more stable and sustainable development of the global economy, according to the OECD Secretary-General.
The combined effect of the global credit crunch, falling international trade and investment flows, lower remittances and the effect of budgetary pressures in donor countries’ aid plans, are reversing the progress we had made in combating global poverty and are pushing more people into hunger, according to the OECD Secretary-General. Important emergency measures need to be taken to ensure that more people have access to food
In his opening address at the Global Forum on Public Governance, OECD's Gurría underlined that building a stronger global economy means building a cleaner global economy.
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This statement outlines OECD's response to the crisis and OECD perspectives on the Development Committee agenda. It was presented at the joint World Bank-IMF Development Committee meeting in Washington on 26 April 2009 by Mr. Angel Gurria, OECD Secretary-General, and Mr. Eckhard Deutscher, Chair of the OECD Development Assistance Committee (DAC).
In the midst of the deepest and most synchronised recession in our lifetimes, OECD's Gurría encourages a policy response which addresses the social impact of the crisis and repairs the financial system.
As policy makers and central bankers gather in Washington for this year’s Spring Meetings of the World Bank Group and the International Monetary Fund, growing intolerance of tax evasion is good news for developing countries desperate to raise tax revenues to pay for schools, roads and hospitals. Poor people in these countries mostly don’t pay much in taxes. But they are most in need of the improvements in infrastructures and services
Nuclear energy can play an important role in the energy mix for the 21st century. Joining forces to allow nations safe and secure access to nuclear power is critical to rise to the challenge of energy security.
Speaking at the ministerial meeting of the territorial development policy committee, Mr. Gurría affirmed that urban and rural regions have a core role to play in promoting sustainable growth. Mayors and regional officials are leading efforts to encourage public transportation, implement climate change action plans, and curb air pollution.