Can development aid enhance the resilience of investment in developing countries?

The current crisis is stretching developing countries’ financing capacities to their limits. Already suffering from rising debt levels and the risk of debt distress, and insufficient domestic and external financing resources, developing countries are now struggling to mitigate the interrelated health, humanitarian and economic effects of the pandemic.

Foreign direct investment during the pandemic: A buffer for jobs?

The Covid-19 pandemic has caused a global humanitarian, social and economic crisis. Poverty will rise for the first time since 1998, with hundreds of millions of jobs lost and livelihoods affected. Many of the jobs affected by the pandemic depend on investments and operations of multinational enterprises (MNEs) and their buyers and suppliers in global value chains. But foreign direct investment (FDI) is estimated to fall by at least 30% in 2020 – meaning that fewer jobs than expected have been and will be created.

The integrity road: fighting corruption in infrastructure in Asia-Pacific

Blog by Jeroen Michels, Samuel Brown and Balázs Gyimesi, Public Sector Integrity Division, Directorate for Public Governance, OECD Corruption can derail us from going places – both in transport infrastructure and socio-economic development. Infrastructure is key to facilitating trade, but also to better health care and education, water supply systems, and waste treatment facilities. The … Continue reading The integrity road: fighting corruption in infrastructure in Asia-Pacific

The Appropriate Financial Policy Toolkit in an Integrated World

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.

How can business meet its responsibility to address climate change?

Only one hundred companies produce over 70% of greenhouse gas emissions so they should also be responsible for taking action to address the impacts of climate change. On the occasion of the 2019 Responsible Business and Human Rights Forum, OECD's Cristina Tébar Less, looks at the actions business is expected to take. It is widely … Continue reading How can business meet its responsibility to address climate change?