Partnership between the G8 and the OECD


The G8 and OECD work very closely together. Top OECD officials meet periodically with the personal representatives of the G8 leaders (Sherpas and sous-Sherpas).

At these meetings G8 officials are informed of current and future OECD work. The important issues where the G8 may benefit from OECD research in their policy deliberations are highlighted. It is also an established practice that the Sherpa from the Summit host country brief the OECD Council about preparations for the forthcoming Summit.

The top priorities laid down by President Jacques Chirac for this year's Summit in Evian are: ways to restore sustainable growth; development in Africa; financial security; the fight against the financing of terrorism. What work is the OECD doing to address these issues? In the G8 Finance Minister's Statement, issued on May 17th, 2003 for example, Ministers encouraged the world to apply the standards established in the OECD Guidelines for multinational enterprises and Improving Access to Bank Information for Tax Purposes . The OECD Corporate Governance Principles and Anti-Bribery Convention should also be considered as useful instruments for promoting fiscal and financial transparency and integrity.

It has also become a tradition that the OECD holds its annual Council at Ministerial level four to six weeks before the Summit meeting to promote the best possible co-ordination. Co-operation with the NEPAD (New Partnership for African Development) was one of the three pillars of Kananaskis Summit in June 2002. In close co-ordination with the Sherpa of the G8, OECD Ministers therefore met with key Ministers of the NEPAD countries at its Ministerial in May 2002.

Mr Seiichi Kondo - the Deputy Secretary-General who has the overall responsibility for the OECD's co-operation with the G8 - also ensures that the Secretariat monitors the implementation of OECD work undertaken in response to invitations addressed to the OECD by various G7/G8 Communiqués. For example, at the Cologne Summit in 1999, the G8 asked the OECD to do a study on biotechnology and food safety, and the latter submited a report to the Summit in Okinawa in the following year.