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  • 3-September-2016

    English

    Remarks on B20 2016 Policy Recommendations to the G20

    The world economy is trapped in three interrelated vicious circles: a “low-growth trap”, a low-growth/low interest rates trap, and at no point in the past 30 years has productivity growth been lower. How do we break these three vicious cycles? A bold and comprehensive, three-pronged policy package is needed, many elements of which are encapsulated in this year’s B20 recommendations.

  • 24-July-2016

    English

    July 2016 G20 Finance Ministers and Central Bank Governors’ Meeting: Remarks on international tax

    My report to you for this meeting sets out three objective criteria to identify non-cooperative jurisdictions with respect to tax transparency: the implementation of the Exchange of Information on Request standard, the implementation of the Automatic Exchange of Information standard, and joining the multilateral Convention on Mutual Administrative Assistance in Tax Matters (multilateral Convention).

  • 24-July-2016

    English

    July 2016 G20 Finance Ministers and Central Bank Governors Meeting: Remarks on investment and infrastructure

    A critical dimension of the 'low-growth trap’ is a lack of investment. Weak investment is undermining productivity growth and lowering potential output by holding back capital deepening and hindering the pace at which innovation is embodied in plant and equipment.

  • 23-July-2016

    English

    July 2016 G20 Finance Ministers and Central Bank Governors Meeting: Remarks on framework for strong, sustainable and balanced growth

    Structural reforms – together with monetary and fiscal policies – are essential to achieving the G20 objective of strong, sustainable and balanced growth. They have been at the heart of the OECD’s work for more than 30 years and courageous decisions at different times in our countries – Canada, Germany, Korea and Spain to name but four – have delivered stronger and more inclusive growth for our citizens.

  • 23-July-2016

    English

    July 2016 G20 Finance Ministers and Central Bank Governors Meeting: Remarks on global economic outlook

    The world economy is stuck in a low-growth trap. We project global GDP growth to remain at only around 3% this year, and barely better in 2017.

  • 23-July-2016

    English

    G20 Chengdu High-Level Tax Symposium - remarks at session 2: Increasing tax certainty to promote investment and trade in a world where value creation is changing

    As policy-makers, we know that uncertainty negatively affects investment and consequently, productivity – putting the brakes on growth. It increases the cost of capital by raising the risk premium. Removing that uncertainty can be more important to investors than more obvious, headline issues such as the tax rate.

  • 23-July-2016

    English

    G20 Chengdu High-Level Tax Symposium - opening remarks

    Today’s symposium provides an opportunity to consider the role tax policy can play to drive innovation, promote inclusive growth, and encourage trade and investment. Tax policy has been, and remains, a sovereign issue. But our discussion here demonstrates the reality of the 21st century: talent, capital, and even physical infrastructure is increasingly mobile, and value creation is changing.

  • 23-July-2016

    English

    G20 Finance Ministers’ and Central Bank Governors Meeting, 23-24 July 2016, Chengdu, China: OECD’s Secretary-General’s Activity Report

    This report details the interventions and recommendations of the OECD's Secretary-General to the G20 Finance Ministers and Central Bank Governors during their meeting on 23-24 July 2016 in Chendu, China.

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  • 27-June-2016

    English, PDF, 421kb

    G20/OECD Progress report on the development of effective approaches to support the implementation of the G20/OECD High-level Principles on SME Financing

    This report provides an update on the development of effective approaches to support the implementation of the G20/OECD High-level Principles on SME Financing. It was circulated to G20 Finance and Central Bank Deputies at their meeting in Xiamen, China, and is now being transmitted to G20 Finance Ministers and Central Bank Governors and G20 Leaders at their July and September 2016 meetings, respectively.

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  • 28-April-2016

    English, PDF, 546kb

    Structural reform priorities for the G20

    The G-20 is falling short of its objective of Strong, Sustainable and Balanced Growth. Structural reforms, together with appropriate demand policies and financial regulation, can address these shortcomings. This paper provides evidence for the structural report priorities of the G-20.

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