Statement by OECD Secretary-General Angel Gurría on the outcome of COP 25

This article is brought to you in association with OECD. I am very disappointed that COP25 in Madrid did not achieve the decisive, collective and ambitious outcomes that the climate emergency demands from world leaders. Despite the commendable efforts by Chile as Chair and the impressive work by Spain as host, this unsatisfactory result reflects the […]

OECD welcomes foreign bribery enforcement efforts and urges Colombia to mobilise key government and law enforcement agencies in the fight against foreign bribery

This article is brought to you in association with OECD. Just two years after the entry into force of its corporate liability legislation, Colombia concluded its first foreign bribery case against a corporation in 2018 and is currently carrying out 20 foreign bribery investigations into companies. These are encouraging steps, and Colombia should now increase the […]

Brazil identifies a clear pathway for aligning its transfer pricing framework with the OECD standard

This article is brought to you in association with OECD. Brazil has identified a clear pathway for bringing its existing transfer pricing framework into alignment with the international consensus, and is weighing two options – immediate or gradual implementation, according to a new joint report by the OECD and Receita Federal, Brazil’s federal revenue authority (RFB). […]

Estonia: use robust growth to improve income equality and well-being

This article is brought to you in association with OECD. Estonia’s economy is performing well, and public finances are in excellent shape, yet growth is softening and spending pressures from infrastructure needs and an ageing population are mounting. Efforts should now focus on improving income equality and well-being, greening growth and accelerating the country’s digital transformation, […]

Russia is ready for its Phase 3 evaluation once it fulfills high-priority recommendation

This article is brought to you in association with OECD. The OECD Working Group on Bribery considers that it is ready to conduct the Phase 3 evaluation of the Russian Federation, provided that Russia further aligns its foreign bribery offence with the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (OECD Anti-Bribery […]

GDP growth slows in most G20 economies in third quarter of 2019

This article is brought to you in association with OECD. Growth of real gross domestic product (GDP) in the G20 area as a whole was stable at 0.7% in the third quarter of 2019, according to provisional estimates, but it slowed in the majority of G20 economies. GDP contracted in South Africa (by 0.1%, following growth […]

India: step up reform efforts to increase quality jobs and incomes

This article is brought to you in association with OECD. India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit. Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as […]

Tax revenues have reached a plateau

This article is brought to you in association with OECD. Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue […]

Young people struggling in digital world, finds latest OECD PISA survey

This article is brought to you in association with OECD. One in four students in OECD countries are unable to complete even the most basic reading tasks, meaning they are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s latest PISA […]

Donors must do more to align development finance with climate goals

This article is brought to you in association with OECD. Donor countries must do more to bring development finance in line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report. Aligning Development Co-operation and Climate Action: The […]

Trade in counterfeit goods costs UK economy billions of euros

This article is brought to you in association with OECD. The global trade in fake goods, from cosmetics to car parts, is costing the UK economy billions of dollars a year in forgone company sales, overpriced products and tax revenues, and was behind more than 86,000 lost jobs in 2016, according to a new OECD report. […]

International trade statistics: trends in third quarter 2019

This article is brought to you in association with OECD. G20 international merchandise trade (in current US dollars, seasonally adjusted) continued its downward trend in the third quarter of 2019, approaching two-year lows. Compared with the second quarter of 2019, exports contracted by 0.7% and imports by 0.9%, partly reflecting a nearly 20% fall in oil […]

International community has achieved unprecedented success fighting offshore tax evasion

This article is brought to you in association with OECD. On 26-27 November, the 10th Anniversary Meeting of the Global Forum on Transparency and Exchange of Information for Tax Purposes (the Global Forum) in Paris will bring together more than 500 delegates from 131 member jurisdictions for renewed discussions on efforts to advance the tax transparency […]

Economic Outlook: Weak trade and investment threaten long-term growth

This article is brought to you in association with OECD. Trade conflict, weak business investment and persistent political uncertainty are weighing on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook. World GDP growth is expected to be 2.9% this year – its lowest annual rate since the […]

Africa: Urgent action needed to mobilise domestic resources as tax revenues plateau

This article is brought to you in association with OECD. The average tax-to-GDP ratio for the 26 countries participating in the new edition of Revenue Statistics in Africa was unchanged at 17.2% for the third consecutive year in 2017. This was lower than the averages for Latin America and the Caribbean (LAC) at 22.8% and for the OECD at […]

Children paying a high price for inequality

This article is brought to you in association with OECD. Rising income inequalities in OECD countries over the past two decades have hit vulnerable children hard, making it less likely they will fulfill their economic and social potential later in life, according to a new OECD report. Changing the Odds for Vulnerable Children: Building Opportunities and […]

Revamp collective bargaining to prevent rising labour market inequalities in rapidly changing world of work

This article is brought to you in association with OECD. Collective bargaining and worker’s voice are key labour rights but can also improve labour market performances, according to new OECD findings. Yet both these rights are under pressure from the general weakening of labour relations in many countries and the rise of new and often precarious […]

Trust in OECD governments back at pre-crisis levels as governments seek to be more open and engaged

This article is brought to you in association with OECD. Trust in governments has recovered to pre-crisis levels and satisfaction with public services has improved, as public sector reforms aimed at making governments more open, accountable and engaged start to bear fruit, according to a new OECD report. Government at a Glance 2019, the sixth edition […]

Brazil must immediately end threats to independence and capacity of law enforcement to fight corruption

This article is brought to you in association with OECD. The OECD Working Group on Bribery urges Brazil, one of the founding Parties to the Anti-Bribery Convention since 1997, to preserve the full capacity and independence of law enforcement authorities to investigate and prosecute foreign bribery and corruption. Despite being recognised by the Working Group for […]

New OECD work to support citizen engagement with governments

This article is brought to you in association with OECD. OECD Observatory of Civic Space will measure access, recommend steps to safeguard public role in policy The OECD unveiled at the Paris Peace Forum today a new Observatory of Civic Space, an initiative to support countries in promoting and protecting an environment that enables citizens and […]

Austria: reforms will be necessary to uphold high well-being levels

‌ This article is brought to you in association with OECD. Austria stands out for its high levels of economic and social well-being. Preserving these will require reforms to improve competition in the service sector, increase access to risk capital for firms of all sizes, encourage more women and migrants into the workforce and lengthen work […]

From G7 announcement in August to Paris Peace Forum, Business for Inclusive Growth (B4IG) coalition gains momentum

This article is brought to you in association with OECD. An ambitious initiative against inequality sponsored by French President Emmanuel Macron Powered by the OECD, spearheaded by Danone, and driven forward at the G7 Leaders’ Summit in Biarritz in August 2019, B4IG is a coalition of leading multinational enterprises committed to tackling inequalities and promoting inclusive […]

Health spending set to outpace GDP growth to 2030

This article is brought to you in association with OECD. Health expenditure will outpace GDP growth over the next 15 years in almost every OECD country, according to new OECD forecasts. Health spending per capita will grow at an average annual rate of 2.7% across the OECD and will reach 10.2% of GDP by 2030, up […]

Health spending set to outpace GDP growth to 2030

This article is brought to you in association with OECD. Health expenditure will outpace GDP growth over the next 15 years in almost every OECD country, according to new OECD forecasts. Health spending per capita will grow at an average annual rate of 2.7% across the OECD and will reach 10.2% of GDP by 2030, up […]

Switzerland: prepare for population ageing to maintain high living standards

This article is brought to you in association with OECD. Switzerland enjoys some of the highest per-capita GDP and living standards of OECD countries. Taking action now to prepare for a fast-ageing population will be key for the prosperity and well-being of future generations, according to a new OECD report. The latest OECD Economic Survey of […]

Colombia is a Latin American success story, but must pursue new reforms to achieve stronger and more inclusive growth

      Colombia’s economy is resilient and appears well equipped to navigate a challenging external environment dominated by protectionism and uncertainty, but it must pursue new reforms to make growth stronger and more inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Colombia discusses how boosting productivity through […]

Training for staff in early childhood education and care must promote practices that foster children’s learning, development and well-being

This article is brought to you in association with OECD. Countries need to ensure that the early childhood education and care (ECEC) workforce is prepared for the demands of working with young children in order to give a strong start to all children. Based on the OECD’s Starting Strong Teaching and Learning International Survey (TALIS Starting […]

OECD and European Commission join forces to further support structural reforms in European countries

This article is brought to you in association with OECD. The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement today in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries. OECD Chief of Staff, Gabriela Ramos, and Director General of the SRSS, […]

Reforms in Latvia must result in stronger enforcement to tackle foreign bribery and subsequent money laundering risks

This article is brought to you in association with the European Commission. Latvia has continued to improve its framework against bribery of foreign public officials and subsequent money laundering but the reforms need to translate into further effective enforcement, according to a new report by the OECD Working Group on Bribery. According to the Working Group, […]

OECD leading multilateral efforts to address tax challenges from digitalisation of the economy

This article is brought to you in association with OECD. Today the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits. The new OECD proposal brings together common elements of three competing proposals from […]

Tackling obesity would boost economic and social well-being

This article is brought to you in association with OECD. Obesity-related diseases will claim more than 90 million lives in OECD countries in the next 30 years, with life expectancy reduced by nearly 3 years. Obesity and its related conditions also reduce GDP by 3.3% in OECD countries and exact a heavy toll on personal budgets, […]

OECD’s Gurría calls for overhaul of economic thinking to address global challenges

This article is brought to you in association with OECD. The challenges we face in our era of rapid, disruptive change are daunting, but we are starting to develop the tools, techniques and concepts to meet them, OECD Secretary-General Angel Gurría said. Speaking at a NAEC conference on Averting Systemic Collapse, he said: “Our economic systems […]

Four years on and half a billion dollars later – Tax Inspectors Without Borders

This article is brought to you in association with OECD. The international community has made important progress in improving developing countries’ ability to tax multinational enterprises and boost domestic revenue mobilisation. A leading element of international co-operation efforts is the Tax Inspectors Without Borders (TIWB) initiative – a joint OECD/UNDP programme launched in July 2015 to […]