Since the Global Financial Crisis, challenges related to capital flow management and financial stability have evolved, leading policymakers to broaden the policy toolkit available to deal with those challenges. In this context, the time was ripe for a review of the OECD Code of Liberalisation of Capital Movements, the only multilateral agreement covering the full capital account. The updated Code was adopted by OECD Ministers in May 2019 and launched at the G20 Finance meeting in Fukuoka. It is not only more flexible, to better deal with current financial stability requirements, but it also makes an important contribution to the global debate on the international financial architecture.
The economies across the Middle East and North Africa region are looking to mobilise investment, private sector development and entrepreneurship to support economic growth and employment. The OECD's Fianna Jurdant shares some insights from a new OECD report on how sound corporate governance can help achieve this goal.
Within the context of the 2019 OECD Anti-Corruption & Integrity Forum, which will explore how governments, organisations, and citizens can leverage new technologies to foster trust and enhance transparency and accountability, the New Development Bank is looking at fintech applications for promoting integrity in public finance. Blog by the New Development Bank's Chief of Compliance, Dr … Continue reading Leveraging fintech to enhance integrity in public finance
By Romain Despalins - Pension assets rose to record levels in 2017, exceeding USD 40 trillion in the OECD area for the first time ever, according to Pension Markets in Focus.
Governments count on their Investment Promotion Agencies (IPAs) to attract international investment but relatively little is known about how they go about this. Alexandre de Crombrugghe shares some of the insights gained during a stocktaking of IPAs in OECD countries.
With citizens, communities and politicians increasingly questioning the benefits of globalisation and the multilateral trading system, the OECD's Greg Medcraft looks at what we can do to ensure foreign infrastructure investment is high quality, sustainable and works for all, with particular reference to China’s Belt and Road Initiative.
For most of the past half century, countries around the world have gradually opened up to foreign investment, and with good effect. However, since the 2000s, a new and opposing trend has emerged: the screening and review of foreign investment projects, particularly those by state-owned enterprises (SOEs), to mitigate risks to national security.
Today the debate rages about whether the decline in living standards is due to the effects of globalisation or to poor domestic policies. This article argues that key corporate and financial issues must be addressed if globalisation is to work better for all.