🆕 Updates from the #OECDministerial Council Meeting ✔️ Revised Declaration on International Investment and Multinational Enterprises First adopted in 1976, the Declaration on International Investment and Multinational Enterprises is a policy commitment by adhering governments to provide an open and transparent environment for international investment and to encourage the positive contribution that multinational enterprises can make to economic and social progress. An update welcomed by the Ministerial Council aligns the Declaration with current challenges and goals. It promotes a whole-of-government approach while keeping markets open and encouraging investment policies that consider climate change, sustainability and inclusiveness. ✔️ A high-level approach to enhance and better integrate OECD work on infrastructure The gap between current levels of infrastructure investment and the level needed to achieve the Sustainable Development Goals (SDGs) and the Paris Agreement is expected to grow to as much as USD 18 trillion by 2040. A new high-level approach to the OECD’s work on infrastructure is designed to support the mobilisation of financing and investment by offering policy guidance and frameworks to help government narrow the financing gap. https://lnkd.in/dvW-X9cx
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🆕 Updates from the #OECDministerial Council Meeting ✔️ Revised Declaration on International Investment and Multinational Enterprises First adopted in 1976, the Declaration on International Investment and Multinational Enterprises is a policy commitment by adhering governments to provide an open and transparent environment for international investment and to encourage the positive contribution that multinational enterprises can make to economic and social progress. An update welcomed by the Ministerial Council aligns the Declaration with current challenges and goals. It promotes a whole-of-government approach while keeping markets open and encouraging investment policies that consider climate change, sustainability and inclusiveness. ✔️ Revised Guidelines on Corporate Governance of State-Owned Enterprises (SOEs) As the leading global standard for the ownership and governance of SOEs, the Guidelines were revised in 2024 to reflect recent evolutions in the global marketplace, and ensure that SOEs contribute to sustainability, and economic security and resilience, by maintaining a global level playing field and high standards of integrity and business conduct. The Guidelines are complementary to the G20/OECD Principles of Corporate Governance. ✔️ A high-level approach to enhance and better integrate OECD work on infrastructure The gap between current levels of infrastructure investment and the level needed to achieve the Sustainable Development Goals (SDGs) and the Paris Agreement is expected to grow to as much as USD 18 trillion by 2040. A new high-level approach to the OECD’s work on infrastructure is designed to support the mobilisation of financing and investment by offering policy guidance and frameworks to help government narrow the financing gap. A new high-level approach to the OECD’s work on infrastructure is designed to support the mobilisation of financing and investment by offering policy guidance and frameworks to help government narrow the financing gap. https://lnkd.in/dvW-X9cx
OECD Ministerial Council Meeting 2024
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There's an alternative. There's always a third way, and it's not a combination of the other two ways. It's a different way.
2-3 May 2024, Paris The 2024 Meeting of the OECD Council at Ministerial Level, chaired by Japan with Mexico and the Netherlands as Vice-Chairs, will take place on 2-3 May 2024. The theme of this year’s MCM is “Co-Creating the Flow of Change: Leading Global Discussions with Objective and Reliable Approaches towards Sustainable and Inclusive Growth.” Governments are facing complex and interrelated issues. Effective co-operation on the strong foundation of evidence-based best practice and multilateral dialogue is essential, and the 2024 OECD Ministerial Council Meeting is an opportunity to engage in high-level discussions among Members and non-Members on the issues critical to today’s international community. The theme for the 2024 MCM comprises three overarching pillars: A Diverse, Inclusive, and Likeminded OECD: Strengthening the Outreach of our Work. An Economic Order based on the Shared Values: Firmly Maintaining Free and Fair Trade and Enhancing Economic Resilience. Co-creating a Better Future: Addressing Emerging Challenges at Global but Regional Scale. The 2024 MCM will further leverage the strengths of the OECD to support the world New leaders to develop sound and well-coordinated strategy and responses to each of the structural shifts in front of us, grounded in our shared values. A renewed commitment to strong and effective multilateralism, with the OECD at the centre of global cooperation, will help promote efforts to co-create better clearly accountable strategy for better lives and a better future. https://lnkd.in/dCTwUPic
OECD Ministerial Council Meeting 2024
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Happy to share the release of the #OECD Economic Survey of the European Union and the euro area, to which I contributed (among other things) with the analysis on “Strengthening the anti-corruption framework of EU countries and institutions” Find out more about the EU economy, green transition and #OECD policy recommendations here: oe.cd/EU-EA https://lnkd.in/e8_nAMgv “The European recovery has been disrupted since the onset of Russia’s war of aggression against Ukraine. Co-ordinated and timely policy action helped avoid a severe downturn, but the near-term outlook is clouded by uncertainty and downside risks. Monetary and fiscal policy need to become sufficiently restrictive to reduce underlying inflationary pressures durably. Fiscal sustainability should be grounded in well-prioritised, efficient public spending and underpinned by improved economic governance. Protecting the level playing field through a strong state aid framework and deepening the Single Market would open opportunities for firms to grow and innovate, facilitating needed structural change. Furthermore, achieving the net-zero target by 2050 requires an acceleration of emission reductions. More action is needed across all sectors, but particularly in sectors not covered by emission trading, notably agriculture, building and transport. Reducing emissions in these sectors will rely on regulatory measures and a gradual alignment and raising of carbon prices. An important element of the green transition is affordable and secure energy, which requires more integrated electricity markets. Deeper capital markets could support the development of new clean technologies. Moreover, improving labour mobility and skills will help to reduce transition costs.” #OECD #OECDeconomy #EuropeanUnion OECD (2023), OECD Economic Surveys: European Union and Euro Area 2023, OECD Publishing, Paris, https://lnkd.in/e8_nAMgv
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The OECD Sustainable #InvestmentDays will be starting soon with the 8th OECD Investment Promotion Agency Network Meeting! Here's the schedule for our open sessions today: ⏰ 09:00-10:40 CET - Opening & What strategies are necessary to attract FDI in regions and enhance its impact on regional development? This session will look at how different models of investment promotion strategies support #regional attractiveness for investment, help achieve local #sustainability goals and address regional disparities. ⏰ 11:00-12:45 CET - Powering up the local workforce: The case of battery plant investments & Closing remarks In partnership with OECD Local Development Forum, join us to explore how to develop local capacities and #skills to attract investment projects. We’ll be looking at the case of battery plant investments, and the policies that are required to equip the local workforce, meet the needs of investors, and benefit the local community. All sessions will be livestreamed on the conference website, we hope to see you there: https://lnkd.in/eYjR4k6D Ana Novik Alexandre de Crombrugghe António Ferreira Gomes Achim Hartig Julio César Puentes M. JAVIER YRAOLA BURGOS Lydia Alessio - Vernì Felix Neugart Ian Smith Alex Irwin-Hunt Luc Doublet Nadine Guerin - Roquel Mike Horrigan Vincent Raufast Christine Juen
OECD Sustainable Investment Days
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Egypt is on the right way to development and reconstruction
Minister of Planning, Economic Development & International Cooperation, Egypt🇪🇬 | Ex. Min. of Tourism, Egypt | Advisor to Chief Economist, International Monetary Fund | Sub Gov. Monetary Policy, Central Bank of Egypt|
At the #Egypt 🇪🇬 - #EU 🇪🇺 Investment Conference in the presence of H.E. President Abdel-Fattah ElSisi & European Commission President Ursula Von Der Leyen, with the EU Executive Vice President Valdis Dombrovskis, I signed an MoU for the 1st tranche of the Macro-Financial Assistance (MFA). This signing is part of the total MFA that increases fiscal space and supports country-led structural reforms designed to drive economic competitiveness & foreign investment through three key pillars: 1️⃣ Building Macroeconomic Stability 2️⃣ Enhancing Economic Competitiveness & Improving the Business Environment 3️⃣ Supporting the Green Transition
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Minister of Planning, Economic Development & International Cooperation, Egypt🇪🇬 | Ex. Min. of Tourism, Egypt | Advisor to Chief Economist, International Monetary Fund | Sub Gov. Monetary Policy, Central Bank of Egypt|
At the #Egypt 🇪🇬 - #EU 🇪🇺 Investment Conference in the presence of H.E. President Abdel-Fattah ElSisi & European Commission President Ursula Von Der Leyen, with the EU Executive Vice President Valdis Dombrovskis, I signed an MoU for the 1st tranche of the Macro-Financial Assistance (MFA). This signing is part of the total MFA that increases fiscal space and supports country-led structural reforms designed to drive economic competitiveness & foreign investment through three key pillars: 1️⃣ Building Macroeconomic Stability 2️⃣ Enhancing Economic Competitiveness & Improving the Business Environment 3️⃣ Supporting the Green Transition
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Last week, Ralien Bekkers, Co-Chair Deputy of the Netherlands, was in Belém to attend the #G20 technical meetings under Brazil's Presidency. The Coalition of Finance Ministers for #ClimateAction is taking part in the Taskforce on a Global Mobilization against Climate Change and the Sustainable Finance Working Group. In our engagement at the G20, we continue to emphasize the critical role ministries of Finance play in the global response against climate change, and the constructive and collaborative role of the Coalition to facilitate and accelerate action. “We reaffirm the crucial role of finance ministers and ministries in resetting finance and recalibrating economic, fiscal and financial policies towards a sustainable future for all.” Ministerie van Financiën #FinanceMinistersforClimate
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Our Vice President and Head of Multilateral Engagement Donata Garrasi has attended the 2023 OECD - OCDE Sustainable Investment Days, and shared insights into our methodology and our vision for a sustainable investment future. At Peaceinvest, we are committed to innovating in how we assess risks in emerging markets and measure the social impact of our investments. #Peaceinvest #InvestInPeace #PeaceInnvestments #SustainableInvesting #ImpactInvesting #OECD #EmergingMarkets #SocialImpact #InvestmentStrategy #EconomicDevelopment
Thank you to all our speakers and attendees today at day one of the Sustainable #InvestmentDays - the OECD Investment Promotion Agency Network Meeting! We're back at 09:30 CET tomorrow (in Paris and online) with another day of discussions, this time looking at the future of investment policy at the Roundtable on Investment and Sustainable Development. Our schedule is below: ⏰ 09:30-09:50 CET | Opening remarks and keynote address ⏰ 09:50-11:10 | Expectations of investment policy for the future ⏰ 11:25-12:40 CET | Accelerating investment for climate action ⏰ 14:00-15:15 CET | Attracting sustainable investment – what role for investment incentives? ⏰ 15:30-16:45 CET | Managing risk implications of FDI in OECD and partner countries ⏰16:45-17:30 CET | Concluding reflections and call for action Registration, replays, related OECD work, and online networking are all available on the conference website. We hope you can join us there! https://lnkd.in/eYjR4k6D Arancha Gonzalez Laya Sarah Murray Lisa Kubiske Amr Noureldin Pepijn Rijvers Cristián H. Rodríguez-Chiffelle Debora Revoltella Dr. Thomas Brauchle Lisa Sachs John Egan Karl P. Sauvant David Bradbury Jimena Chinchilla Carlo Pettinato ASYA AKHLAQUE Alex Irwin-Hunt Yofi Grant Kentaro Ogata Gaurav Pundir Simon J. Evenett Winand Quaedvlieg Ana Novik Mona Haddad Manfred Schekulin José Angelo Estrella Faria Hamed ElKady Sean Doherty Martin Wermelinger
OECD Sustainable Investment Days
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The convergence of policies on sustainability and investment is here to stay. Facilitating investment, and at the same time leveraging it to achieve the green transition, is a complex task. Today it requires balancing efficiency and security without fragmenting the world and leaving countries and small enterprises behind. Thanks to the OECD - OCDE for fostering the discussion on how to achieve more, better, and safe investment.
Thank you to all our speakers and attendees today at day one of the Sustainable #InvestmentDays - the OECD Investment Promotion Agency Network Meeting! We're back at 09:30 CET tomorrow (in Paris and online) with another day of discussions, this time looking at the future of investment policy at the Roundtable on Investment and Sustainable Development. Our schedule is below: ⏰ 09:30-09:50 CET | Opening remarks and keynote address ⏰ 09:50-11:10 | Expectations of investment policy for the future ⏰ 11:25-12:40 CET | Accelerating investment for climate action ⏰ 14:00-15:15 CET | Attracting sustainable investment – what role for investment incentives? ⏰ 15:30-16:45 CET | Managing risk implications of FDI in OECD and partner countries ⏰16:45-17:30 CET | Concluding reflections and call for action Registration, replays, related OECD work, and online networking are all available on the conference website. We hope you can join us there! https://lnkd.in/eYjR4k6D Arancha Gonzalez Laya Sarah Murray Lisa Kubiske Amr Noureldin Pepijn Rijvers Cristián H. Rodríguez-Chiffelle Debora Revoltella Dr. Thomas Brauchle Lisa Sachs John Egan Karl P. Sauvant David Bradbury Jimena Chinchilla Carlo Pettinato ASYA AKHLAQUE Alex Irwin-Hunt Yofi Grant Kentaro Ogata Gaurav Pundir Simon J. Evenett Winand Quaedvlieg Ana Novik Mona Haddad Manfred Schekulin José Angelo Estrella Faria Hamed ElKady Sean Doherty Martin Wermelinger
OECD Sustainable Investment Days
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“…Both nations are prioritizing the enhancement of the financial investment climate, with a keen focus on areas like the agro-industrial complex, water resources management, energy projects, as well as privatization and public-private partnership (PPP) initiatives. The strides made in legislation by both parties were lauded for fostering conducive business environments, propelling forward business collaborations and interests…”
Uzbekistan, Türkiye target $5bn trade boost
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