Taxes on polluting fuels are too low to encourage a shift to low-carbon alternatives

This article is brought to you in association with OECD. Taxing polluting sources of energy is an effective way to curb emissions that harm the planet and human health, and the income generated can be used to ease the low-carbon transition for vulnerable households. Yet 70% of energy-related CO2 emissions from advanced and emerging economies are […]

OECD sees rising trade tensions and policy uncertainty further weakening global growth

This article is brought to you in association with OECD. The global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount, according to the OECD’s latest Interim Economic Outlook. Economic prospects are weakening for both advanced and emerging economies, and global growth could get stuck at persistently low levels […]

Humanitarian migration falls while labour and family migration rises

This article is brought to you in association with OECD. Migration flows to OECD countries rose slightly in 2018, with around 5.3 million new, permanent migrants, a 2% increase over 2017. Family and labour migration increased, while the number of asylum applications fell sharply, according to a new OECD report. The OECD International Migration Outlook 2019 […]

Climate finance for developing countries reached USD 71 billion in 2017

This article is brought to you in association with OECD. Climate finance provided and mobilised by developed countries for climate action in developing countries reached USD 71.2 billion in 2017, up from USD 58.6 billion in 2016, according to new estimates from the OECD. While the 2016 and 2017 totals cannot be directly compared with earlier […]

Iceland’s slowdown underlines the need to fix structural issues

This article is brought to you in association with OECD. Sound macroeconomic policies and favourable external conditions have enabled Iceland’s economy to emerge stronger from a decade of post-crisis management. Yet the impact on growth from a drop in tourist arrivals and seafood exports underlines the need for reforms to open up and diversify the economy […]

More efforts needed to boost trust in business and finance

This article is brought to you in association with OECD. Policy makers should step up their efforts to bolster public trust in finance to reduce the risks of contagion if economic growth and financial returns continue to fall, according to a new OECD report. The 2008 global financial crisis marked a turning point in the way […]

Governments must take further action to boost job opportunities at an older age

This article is brought to you in association with OECD. In the face of rapid population ageing, governments must promote more and better job opportunities at an older age to protect living standards and the sustainability of public finances, according to a new OECD report. Working Better with Age projects that, based on current retirement patterns, […]

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

This article is brought to you in association with OECD. A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD. The Business for Inclusive Growth (B4IG) coalition will […]

Canada has the most comprehensive and elaborate migration system, but some challenges remain

This article is brought to you in association with OECD. Canada has the largest and most comprehensive and elaborate skilled labour migration system in the OECD, according to a new OECD report. Recruiting Immigrant Workers: Canada 2019 finds that Canada admits the largest number of skilled labour migrants in the OECD. Additionally, Canada also has the […]

Hungary must enforce its foreign bribery offence against companies, including foreign subsidiaries

This article is brought to you in association with OECD. The Working Group is concerned that Hungary has not commenced any foreign bribery investigations or prosecutions in over nine years since the Phase 3 evaluation of implementation of the OECD Anti-Bribery Convention. However, the companies operating in the country have significant exposure to export-related risks of […]

Malaysia has achieved high levels of growth, but must do more to address governance and social challenges

This article is brought to you in association with OECD. Malaysia’s economic performance has been very successful, but public policy can do more to address social and governance challenges while making growth stronger, greener and more inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Malaysia discusses how boosting productivity and implementing […]

Tax revenues in Asian and Pacific economies rebound

This article is brought to you in association with OECD. Tax-to-GDP ratios increased in the majority of Asian and Pacific economies covered by a new OECD report published today. Nine of the economies in the publication increased their tax-to-GDP ratios between 2016 and 2017, compared with only three in the preceding year, according to Revenue Statistics in […]

Donor countries set international standard for preventing sexual exploitation, abuse, and harassment in development sector

This article is brought to you in association with OECD. Members of the OECD’s Development Assistance Committee (DAC) – 29 donor countries and the EU – agreed on a comprehensive set of recommendations aimed at preventing sexual exploitation, abuse and harassment in the aid sector. The DAC Recommendation on Ending Sexual Exploitation, Abuse and Harassment in […]

Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity

This article is brought to you in association with OECD. Luxembourg’s economy has grown at a robust pace and has enviable levels of well-being, but public policy can do more to make growth sustainable and inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Luxembourg discusses the challenges of making housing more […]

Japan must urgently address long-standing concerns over foreign bribery enforcement

This article is brought to you in association with OECD. Japan must step up enforcement of its foreign bribery laws and strengthen the capacities of its law enforcement agencies to proactively detect, investigate and prosecute the foreign bribery offence, according to a new report by the OECD Working Group on Bribery. According to the Working Group, […]

Citing public anger and youth activism, OECD Secretary-General urges governments to heed calls for climate action

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría today said governments must face up to mounting anger, particularly among youth, on climate inaction. In a major speech in Geneva, he named OECD countries leading the way to decarbonise their economies, and listed worrisome developments in other key countries that are slowing down […]

Aid used for trade is helping developing countries diversify

This article is brought to you in association with OECD. Using development aid to build trade capacity in poor countries is helping to improve economic diversification and to economically empower marginalised groups, yet progress remains geographically uneven, according to the latest OECD-WTO report on Aid for Trade. Aid for Trade at a Glance 2019: Economic Diversification […]

Abuse of authority provisions adopted by the Senate raise concerns over Brazil’s capacity to ensure independence of prosecutors and judges in fighting corruption

This article is brought to you in association with OECD. The OECD Working Group on Bribery reaffirms the importance of the independence of prosecutors and judges and is concerned that Brazil’s achievements in fighting corruption may be seriously jeopardised by recent legislative developments. On 26 June 2019, the Brazilian Senate adopted a Bill which, in addition to […]

Governments should renew efforts to reform support to agriculture

This article is brought to you in association with OECD. Governments worldwide provide more than USD 500 billion in often ineffective and trade distorting support to farmers each year, and efforts to reform these policies have largely stalled, according to a new OECD report. Agricultural Policy Monitoring and Evaluation 2019 shows that farm policies in the 53 […]

OECD strengthens co-operation with Morocco – Renews Morocco Country Programme Agreement

This article is brought to you in association with OECD. The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda. OECD Secretary-General Angel Gurría and Mr. Saad Dine El Otmani, Head of Government of […]

New Zealand can improve well-being through better policymaking and reforms to housing and migration policy

This article is brought to you in association with OECD. New Zealand’s economy has stabilised, with solid growth supporting well-being through jobs and incomes. Ongoing implementation of the government’s new well-being approach to policymaking will offer further opportunities to create a more sustainable and inclusive economy for all New Zealanders, according to a new report from […]

Countries must make teaching profession more financially and intellectually attractive

This article is brought to you in association with the European Commission. Countries need to make the teaching profession more financially and intellectually attractive to meet a growing demand across the world for high-quality teachers, according to a new OECD report. Based on the OECD’s Teaching and Learning International Survey (TALIS), the report, Teachers and School Leaders […]

Fossil fuel support is rising again in a threat to climate change efforts

This article is brought to you in association with OECD. Fossil-fuel subsidies are environmentally harmful, costly, and distortive. After a 3 years downward trend between 2013 and 2016, government support for fossil fuel production and use has risen again, in a threat to efforts to curb greenhouse gas emissions and air pollution, and the transition to cleaner […]

Sweden must urgently implement reforms to boost fight against foreign bribery

This article is brought to you in association with OECD. The OECD Working Group on Bribery has since 2012 repeatedly urged Sweden to reform its laws to ensure the investigation and prosecution of companies that bribe foreign public officials to obtain advantages in international business. Sweden’s legal provisions to hold companies liable for foreign bribery do […]

OECD presents revised Codes on capital flows to G20

This article is brought to you in association with OECD. Cross-border capital flows are an integral component of international finance, but require a balanced framework for removing unnecessary barriers to the movement of capital while providing governments flexibility to cope with instances of economic or financial instability,  OECD Secretary-General Angel Gurria said today. The recently revised […]

OECD joins with Japan to fight financial crime by establishing new academy

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan. The signing, which took place in the margins of the meeting of […]

Implementation of tax transparency initiative delivering concrete and impressive results

This article is brought to you in association with OECD. International efforts to improve transparency via automatic exchange of information on financial accounts are improving tax compliance and delivering concrete results for governments worldwide, according to new data released today by the OECD. More than 90 jurisdictions participating in a global transparency initiative under the OECD’s […]

International community agrees on a road map for resolving the tax challenges arising from digitalisation of the economy

This article is brought to you in association with OECD. The international community has agreed on a road map for resolving the tax challenges arising from the digitalisation of the economy, and committed to continue working toward a consensus-based long-term solution by the end of 2020, the OECD announced today. The 129 members of the OECD/G20 […]

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

This article is brought to you in association with OECD. The Latvian economy is thriving, with strong job growth driving convergence with more advanced economies. Efforts should now focus on reducing inequality, responding to the challenges posed by population ageing and making growth stronger, inclusive and greener, according to two new OECD reports. The latest OECD Economic […]

Migration policy affects attractiveness of OECD countries to international talent

This article is brought to you in association with OECD. The most attractive OECD countries for highly qualified potential immigrants are Australia, Sweden, Switzerland, New Zealand and Canada, in part because of favourable admission and stay conditions. Most countries can increase their attractiveness by accelerating application procedures and offering better residence conditions to highly qualified migrants […]

International trade statistics: trends in first quarter 2019

This article is brought to you in association with OECD. Growth in G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, remained weak in the first quarter of 2019. G20 exports rose marginally by 0.4% quarter‑on‑quarter while imports fell by 1.2%. Compared to the third quarter of 2018, when the first round of new tariff measures affecting US-China trade […]

Forty-two countries adopt new OECD Principles on Artificial Intelligence

This article is brought to you in association with OECD. OECD and partner countries formally adopted the first set of intergovernmental policy guidelines on Artificial Intelligence (AI) today, agreeing to uphold international standards that aim to ensure AI systems are designed to be robust, safe, fair and trustworthy. The OECD’s 36 member countries, along with Argentina, […]

OECD warns global economy remains weak as subdued trade drags down growth

This article is brought to you in association with OECD. Global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide, according to the OECD’s latest Economic Outlook. The global economy is expected to […]