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Spain has created a strong system to combat money laundering and terrorist financing, but improvements are needed in certain key areas, according to a new report by the Financial Action Task Force.
Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.
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.
Spain’s planned public sector reforms should help make the country’s institutions stronger and more effective, and proposals to increase transparency and root out corruption will do much to restore public trust, according to a new OECD report.
Spain has taken courageous steps to strengthen its labour market. Recent reforms have helped create jobs and should further boost competitiveness and employment in the years to come. But additional efforts are needed to boost competition in product markets and to improve assistance to job seekers, particularly young people, according to a new OECD report.
The global economic crisis has had a profound impact on people’s well-being, reaching far beyond the loss of jobs and income, and affecting citizens’ satisfaction with their lives and their trust in governments, according to a new OECD report.
La OCDE ha lanzado hoy la versión 3.0 de su pionero Índice para una Vida Mejor, una herramienta interactiva que permite a los usuarios medir y comparar sus vidas. Esta versión actualizada contiene las últimas estadísticas, informaciones nacionales y conclusiones de los usuarios. Por primera vez, está disponible también en español.
Spain’s enforcement of its foreign bribery laws has been extremely low, with not a single prosecution out of only seven investigations in 13 years since joining the OECD Anti-Bribery Convention. Spain must vigorously pursue foreign bribery allegations and strengthen its legal framework for fighting bribery by addressing gaps in its Penal Code, says a new OECD report.
Spain is immersed in a prolonged recession that has been compounded by the continuing crisis in the euro area. The path to recovery has been launched, but will require full implementation of reforms and some additional measures to restore confidence in the financial sector, redress public finances and bring down high unemployment, according to the OECD’s latest Economic Survey of Spain.
OECD Secretary-General Angel Gurría welcomes the Spanish government's budget and the economic policy measures announced yesterday.