The Policy Framework for Investment (PFI) is a non-prescriptive tool for improving investment policy for development. It helps governments to design and implement policy reforms to create a truly attractive, robust and competitive environment for domestic and foreign investment.
Shanghai, 9-10 July 2016: G20 Trade Ministers reinforced their "determination to promote inclusive, robust and sustainable trade and investment growth" with the adoption of the G20 Guiding Principles for Global Investment Policymaking.
The OECD Working Group on Bribery in International Transactions has continuously urged Japan since 2002 to strengthen its efforts to fight bribery by Japanese companies in their foreign business activities, and implementation of the Convention on Combating the Bribery of Foreign Public Officials in International Business Transactions.
A high-level Working Group mission will visit Tokyo on 29-30 June 2016 and meet senior Japanese government officials.
Fifteen years after the creation of National Contact Points as a means to improve the implementation of the Guidelines, the OECD has conducted an analysis of the functioning and performance of the National Contact Points.
14-16 June 2016, Paris: The OECD hosted an International Anti-Corruption Conference organised by the French Ministry of Justice, and with the support of the World Bank and the United Kingdom. This conference brought together representatives from anti-corruption authorities worldwide responsible for investigating and prosecuting corruption.
Further structural reforms are needed to help the business sector boost productivity growth and overcome the key challenges of sluggish investment in advanced economies and excess capacity in emerging economies, according to a new OECD report.
Scaling-up investment in renewable electricity is critical for reducing greenhouse gas emissions from the power sector. Despite increasing cost-competitiveness, overall investment in renewables projects remains constrained by policy and market obstacles. These hinder development of a sufficient pipeline of bankable projects and affect the risk-return profile of renewable electricity projects.
This note describes work undertaken by the OECD to support the implementation of the 2015 G7 Leaders’ Declaration in the area of responsible business conduct. Four areas of action are covered: outreach on responsible business conduct (RBC) standards to other countries; development of guidance for supply chain due diligence; monitoring of multi-stakeholder initiatives; and strengthening National Contact Points.
Four decades after their adoption, the OECD’s Guidelines for Multinational Enterprises have never been more relevant to ensuring that businesses behave responsibly, wherever they operate.
This brochure looks at the corruption, labour, human rights and environmental risks associated with the organisation of large sporting events. It describes how OECD instruments and expertise in implementation of complex projects can help host governments, event organisers and their business partners ensure that the world of sport remains associated with the traditional values of excellence and fair play.
10-12 May, Paris: The 2016 forum focused on compliance and implementation of the OECD Due Diligence Guidance, including how to maximise the positive impacts on livelihoods through due diligence; viable options for trade in artisanal and small-scale mined gold; and identifying and preventing the worst forms of child labour in the mineral supply chain.
In 2015, global FDI flows increased by 25% to USD 1.7 trillion, reaching their highest level since the global financial crisis began in 2007. Corporate and financial restructuring played a large role.
This report is the first of a series of assessments on Colombian gold supply chains and aims to develop an initial approach and analysis for how risks outlined in Annex II of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas are relevant in the Colombian context.
From the early 2000s, sustainability has emerged as a central policy-making consideration as climate change and population growth have heightened concerns about already-stretched natural resources.
The OECD Working Group on Bribery in International Transactions has repeatedly over 15 years urged Argentina to strengthen its efforts to fight corruption and foreign bribery. During that time, the Working Group has recommended that Argentina change its laws to hold companies liable for corruption and to extend jurisdiction to Argentines who commit foreign bribery overseas.
Singapore, 25 April 2016: This roundtable focused on key themes related to G20 work, in particular the views of the private sector on current work developed by the OECD for the G20 Presidency toward promoting more diversified and innovative infrastructure financing.
A high-level Working Group mission will visit Buenos Aires on 26-27 April 2016 and meet senior Argentine government officials.
21 April 2016, Paris: The OECD will host a High-Level Meeting on boosting the impact of anti-corruption reforms in Eastern Europe and Central Asia.
International trade is a motor of the global economy and represents increasingly large volumes of exchanged goods, services, and financial flows. Yet, corruption in the trade chain hampers economic activity and entails important health and safety risks for societies.The 2016 OECD Integrity Forum will put the spotlight on this hidden tariff.
16 March 2016, Paris: Chaired by the Italian Minister of Justice, Andrea Orlando, the OECD will host a Ministerial Meeting on the Anti-Bribery Convention to discuss measures to strengthen implementation of the Convention and to exchange ideas on combating foreign bribery and emerging issues.
Paris, 14 March 2016: Organised by the OECD-hosted Freedom of Investment Round-table, this conference will explore how governments are balancing investor protection and how to improve balance through new institutions.
11 March, Paris, France: This high-level launch event included a panel discussion that addressed the potential impacts of companies operating in agricultural supply chains on human, labour and tenure rights.
This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.
The OECD Working Group on Bribery expresses its serious concern regarding the situation of the Commission for the Prevention of Corruption (CPC) in Slovenia.
The OECD Working Group on Bribery expresses its serious concern with Finland’s continued failure to implement the OECD Anti-Bribery Convention.
The OECD Working Group on Bribery has serious concerns regarding Belgium’s limited efforts to comply with the OECD Anti-Bribery Convention.
This update report by the IMF and the OECD was delivered to G20 in February 2016.
Most investment treaties do not expressly address joint interpretations and thus leave the issue to more general rules. This paper addresses the general legal framework applicable to joint agreements by treaty parties about the interpretation of treaties. It outlines key concepts and distinctions, and considers effects on third parties.
Both the UN Sustainable Development Goals and the OECD New Approaches to Economic Challenges explicitly recognise that trade and investment are not goals in themselves, but are a means to an end. That desired end is stronger and more inclusive growth, better jobs for more people, and improved societal well-being.
Everybody is interested in the impacts of what companies are doing and the environmental practices and impacts of doing business are coming under increasing scrutiny. OECD Secretary-General Angel Gurría looks at how both governments and investors are ready to scale up climate disclosure and the use of climate information.
International Anti-Corruption Day provides us all with a unique opportunity to reflect on the progress we have made over the past year in the global fight against corruption, but also to think about the work that remains to be done in the years ahead.
OECD's Adrian Blundell-Wignall explains why clean energy projects are not attracting investors despite the availability of fund for investment. This paper was presented at a high-level breakfast event on institutional investors and the low-carbon transition hosted by the OECD Secretary-General during COP21 on 9 December 2015.
This meeting will provide the opportunity to discuss the role of governments, international partners and businesses in promoting responsible mineral supply chains from conflict-affected and high-risk areas. Participants will learn first hand about international standards and approaches, and be able to ask questions to experts in supply chain due diligence implementation.
Mongolia’s rapid economic and social development, fuelled by the discovery of significant mineral resources, has exacerbated governance and corruption challenges.
Focused mainly on the Democratic Republic of the Congo, this report takes stock of 5 years of implementation of national and international programmes and initiatives designed to operationalise the recommendations of the OECD Due Diligence Guidance on Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas in the Great Lakes Region of Central Africa.
Paris, 19-20 November 2015: Bringing together senior executives representing the world’s largest institutional investors, senior policy makers and regulators, debates focused on issues affecting long-term investment, including: asset allocation concepts; regulation; governance; energy and natural resources; and, brownfield and greenfield infrastructure.
This report on climate change disclosure in G20 countries takes stock of mandatory climate change reporting schemes in G20 countries and identifies commonalities and divergences between the various schemes.
The OECD has produced assessments of country-specific investment strategies in G20 countries in order to improve the investment ecosystem, foster efficient infrastructure investment and support financing opportunities for SMEs. This booklet reproduces the highlights of these assessments which have been transmitted to G20 leaders for consideration at their Summit in November 2015..
Uzbekistan has adopted its first anti-corruption action plan and established an anti-corruption coordination commission. Nevertheless corruption is widespread in Uzbekistan and remains a key obstacle for business.
Global FDI flows picked up in the first half of 2015, increasing by 13% compared to the second half of 2014. If we exclude the drop in the first half of 2014, global flows have been on a rising trend since the first half of 2013.
Latvia has improved its laws since acceding to the OECD Anti-Bribery Convention in 2014. Yet serious personnel issues until recently as well as negative government commentary concerning KNAB, Latvia’s anti-corruption law enforcement agency, have cast doubts over its capacity to enforce those laws.
Colombia needs to improve its capacity to investigate foreign bribery by establishing an effective corporate liability regime, improving coordination between its numerous agencies and more rigorously training law enforcement, according to a new report by the OECD Working Group on Bribery.
Let’s start with a quiz. Which country is the second biggest direct investor in China? Who are the largest investors in India and Russia? You probably won’t believe it, but the answers are
The workshop will discuss the first results of the OECD Secretariat’s work on integrating FDI statistics into the analysis of Global Value Chains (OECD-WTO Trade in Value Added Initiative) to better account for foreign ownership.
COPARMEX, COMCE, BIAC, and the OECD are jointly hosting a one-day high-level conference in Mexico City on October 15 2015 to communicate to the government and business community how the evidence-based work on global value chains and trade in services matters for trade policy in Mexico and the Latin American region.
This public consultation is being held to gather comments on the draft Chinese Due Diligence Guidelines for Responsible Mineral Supply Chains. They are intended to align Chinese company due diligence with international standards and allow for mutual recognition with existing international initiatives and legislations.
Corruption is one of the primary facilitators of refugee smuggling. In order to fight this crime, and help refugees safely realise their rights, the international community must understand the intricate connections between corruption and refugee smuggling.
Mounting fears of another slowdown in the global economy call for bolder policy responses. Trade and investment are a case in point. The latest WTO forecasts suggest 2015 will be the fourth year running that global trade volumes grow less than 3%, barely at—or below—the rate of GDP growth. Before
The global recovery is still hesitant and unemployment at record highs, despite ample liquidity in financial markets. OECD Secretary-General Angel Gurría will open the 10th Global Forum on International Investment with Minister of Economy, Turkey, Nihat Zeybekci, to address policy options for sparking an investment comeback.