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Brazil has made significant progress in building a reputation for sound fiscal policy since it passed the Fiscal Responsibility Law in 2000. In recent years, however, the fiscal situation has become more difficult as public spending and gross debt have risen.
English, PDF, 737kb
Tackling climate change will require action in three key areas. First, we must strengthen carbon pricing and remove fossil fuel subsidies. Second, we must remove barriers to green investment. And third, we must align policies across the economy to leave fossil fuels behind and improve transparency on climate finance.
English, PDF, 561kb
The OECD/G20 Base Erosion and Profit Shifting project aims to close gaps in international tax rules that allow multinational enterprises to legally but artificially shift profits to low or no-tax jurisdictions. The project’s final outputs, delivered in October 2015, represent the most fundamental changes to international tax rules in a century.
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Business lending in Ireland has still not recovered to pre-crisis levels. Credit conditions remain tight, and interest rates high by Euro area standards, especially for small firms.
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Stronger innovation is imperative for Ireland to support future productivity growth, job creation and higher living standards.
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As part of the plan to gradually remove capital controls, Iceland has recently introduced several macro-prudential rules, some of which discriminate on the basis of the currency of an operation.
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In 2013, fish products accounted for 26% of total exports and fishing and fish processing represented 9.4% of GDP. The fishing industry is also a major source of employment, accounting for 4.7% of the civilian labour force in 2013. Maintaining a healthy fishing sector is crucial to the overall economic success of the country.
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The rapid development of tourism and energy-intensive industry is exerting increasing pressures on the environmental assets upon which much of Iceland’s growth has been founded.
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Fostering competition can be a challenge given the small size of the Icelandic economy. In a number of important sectors, such as financial services, food and telecoms, only a few firms operate.
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OECD countries are seeing a trend away from traditional employment towards part-time and temporary work and self-employment. However, there are concerns that part-time and temporary work are contributing to inequality and poverty. Policy needs to focus on ensuring that these "non-traditional" jobs are stepping stones to better jobs, not dead ends.