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2016 G20-OECD High-level roundtable on institutional investors and long-term investment

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.




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2018 Meeting of the G20 Global Infrastructure Connectivity Alliance

25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity.




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2019 Workshop of the G20/OECD Task Force on Long-term Investment

30 January 2019, Singapore - This Workshop will bring together academics, public stakeholders and industry experts to discuss data collection and benchmarks for quality infrastructure investment and blockchain and innovation in sustainable infrastructure.




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Strengthening Global Growth: The G20 Brisbane Summit’s Challenges and Contributions

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.




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Climate change disclosure in G20 countries: Stocktaking of corporate reporting schemes

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.




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OECD’s Gurría reaffirms need for global cooperation amid progress at G20 Summit

International cooperation is now more critical than ever, OECD Secretary-General Angel Gurría said following a G20 Leader’s Summit marked both by controversy but also advances on a range of policies to tackle global challenges.




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Indicators on Terrestrial and Marine Protected Areas: Methodology and Results for OECD and G20 countries - Environment Working Paper

This paper details a methodology for calculating the extent of terrestrial and marine protected areas recorded in the World Database on Protected Areas by country, type and IUCN management categories. The method allows the data on protected areas to be summarised in a harmonised and more detailed way than is currently available, without requiring any additional reporting by countries.




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OECD Progress Update on Approaches to Mobilising Institutional Investment for Sustainable Infrastructure: Background paper to the G20 Sustainable Finance Study Group - Environment Working Paper

The large need for investments in sustainable infrastructure will require investments from the private sector, including institutional investors. This paper contributes to scaling up investments by analysing public project-level interventions for projects involving institutional investors; and presents findings from an updated database on institutional investments in environmentally sustainable infrastructure.




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OECD supporting G20 policy priorities at Osaka Summit

At their Summit in Osaka this weekend, G20 leaders agreed on a range of priorities for which analysis and support from the OECD and other international organisations are playing a crucial role.




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G20 Green Growth Seminar

The costs and consequences of inaction would be colossal, in economic, environmental and human terms. The truth is that changing our model of growth and making it greener and more inclusive is the only credible strategy that we have.




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G20 Development Working Group Workshop on Inclusive Green Growth, July 2013

This workshop expanded the G20 Development Working Group’s (DWG) dialogue with representatives from developing countries on the lessons learned from their own experiences in designing and implementing inclusive green growth strategies.




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Strengthening Global Growth: The G20 Brisbane Summit’s Challenges and Contributions

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.




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DELSA-G20 Country Note Turkey-en

DELSA-G20 Country Note Turkey-en




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DELSA-G20 Country Note Canada-en

DELSA-G20 Country Note Canada-en




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DELSA-G20 Country Note US-en

DELSA-G20 Country Note US-en




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DELSA-G20 Country Note Spain-en

DELSA-G20 Country Note Spain-en




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DELSA-G20 Country Note Korea-en

DELSA-G20 Country Note Korea-en




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DELSA-G20 Country Note France-en

DELSA-G20 Country Note France-en




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DELSA-G20 Country Note Italy-en

DELSA-G20 Country Note Italy-en




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DELSA-G20 Country Note Germany-en

DELSA-G20 Country Note Germany-en




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DELSA-G20 Country Note China-en

DELSA-G20 Country Note China-en




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DELSA-G20 Country Note Indonesia-en

DELSA-G20 Country Note Indonesia-en




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DELSA-G20 Country Note Australia-en

DELSA-G20 Country Note Australia-en




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DELSA-G20 Country Note UK-en

DELSA-G20 Country Note UK-en




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DELSA-G20 Country Note Japan-en

DELSA-G20 Country Note Japan-en




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G20 Labour Ministerial: Joint Statement by OECD Secretary-General Angel Gurría and ILO Director-General Juan Somavia

"200 million people are out of work worldwide, close to the peak recorded at the depth of the Great Recession" warn OECD and ILO at the G20 Labour and Employment Ministers meet in Paris.




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G20 Labour Ministers must focus on young jobseekers

Young people continue to bear the brunt of the jobs crisis, with nearly 11 million 15 to 24 -year-olds out of work in OECD countries in early 2012. Youth unemployment in the OECD area in March 2012 was 17.1%, close to its November 2009 peak of 18.3%




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Job-rich growth essential for G20 recovery, say OECD and ILO

OECD and ILO heads call upon the Ministers of Labour and Employment of the G20 countries to put a greater, renewed emphasis on employment policies to help economies accelerate and sustain the recovery, achieve higher levels of decent work and get out of the debt trap, at the G20 Meeting in Mexico.




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OECD and ILO to release labour market update ahead of G20 Labour Ministerial in Moscow

The OECD and the International Labour Organisation (ILO) will publish updated G20 labour market data on Wednesday 17 July 2013 ahead of the G20 Labour and Employment Ministers meeting in Moscow.




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OECD, ILO call on G20 labour ministers to reinforce cooperation

Joint statement by ILO Director-General Guy Ryder and OECD Secretary-General Angel Gurría on the occasion of the G20 Labour and Employment Ministers’ Meeting, Moscow, 18-19 July 2013




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Quality Apprenticeships for Giving Youth a Better Start in the Labour Market, G20-OECD-EC Conference

This conference on 9 April 2014 will provide an opportunity for a mutual sharing of good practice in fostering the better insertion of youth into the labour market through the development of quality apprenticeships. It would also seek to foster a greater commitment by countries to take action to introduce or strengthen apprenticeship initiatives and to take stock of the progress achieved.




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G20 faces persistent gaps in employment and job quality

A large and persistent shortfall in the number and quality of the jobs being created in G20 countries is affecting prospects for re-igniting economic growth, according to a report prepared by the ILO, the OECD and the World Bank Group for the G20 Labour and Employment Ministers meeting taking place in Melbourne this week.




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Strengthening Global Growth: The G20 Brisbane Summit’s Challenges and Contributions

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.




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G20 should fix the world’s economy for the working people!

As G20 leaders look distraught at a global economy that is faced with weak growth, high unemployment and rising income inequality, they should repeat to themselves that this is not inevitable.




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The global economy: strengthening growth and job creation - Statement at G20 Leader's Summit

Statement made by the Secretary-General during session 1 of the Leader's Summit in Brisbane.




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G20: OECD to help monitor growth and gender commitments

Leaders of the G20 countries meeting at their Summit in Brisbane, Australia, have called on the OECD and IMF to monitor their commitment to boost economic growth and create jobs.




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G20: Remarks for Session 2 - Framework for Strong, Sustainable and Balanced Growth

We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!




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Enhancing employability, G20 Report

Skill requirements are changing rapidly as a result of structural shifts. Workforce employability is essential to turn structural change into an opportunity for all. Education and training systems, labour markets, workers and workplaces will have to become more adaptable. A set of concrete actionable measures is proposed to improve the employability of each economy’s workforce.




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Third Annual High-Level Anti-Corruption Conference for G20 Governments and Business

Co-organised by the G20 Russian Presidency and the OECD, with UNODC support, this conference focused on promoting transparency and integrity in organising sport and other major events and cutting-edge measures for governments and business to combat corruption.




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Fourth Annual High-Level Anti-Corruption Conference for G20 Governments and Business

Co-organised by the Italian Co-Chair of the G20 Anti-Corruption Working Group and the OECD, participants discussed progress in advancing the key elements of the global anti-corruption agenda and innovative solutions to address the latest challenges facing countries, business and civil society.




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Fifth Annual High-Level Anti-Corruption Conference for G20 Governments and Business

Jointly organised by the Turkish Presidency of the G20 and the OECD, participants discussed cutting-edge compliance challenges faced by companies in their day-to-day operations and innovative solutions to address these risks.




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G20 Seminar on Corruption and Economic Growth: Highlights

17 October 2016, Paris: The G20 Chinese Presidency, the UK and the OECD jointly organised a Seminar on “Corruption and Economic Growth”. Expert panellists recognised the negative impact of corruption on economic growth and society at both the macro and micro level, and stressed the importance of strong political leadership in fighting corruption.




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G20/OECD Compendium of good practices on the use of open data for Anti-corruption

This compendium of good practices was prepared by the OECD at the request of the G20 Anti-corruption Working Group (ACWG), to raise awareness of the benefits of the digital transformation in the public sector, including governance, productivity, economic development and social innovation.




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Quality Apprenticeships for Giving Youth a Better Start in the Labour Market, G20-OECD-EC Conference

This conference on 9 April 2014 will provide an opportunity for a mutual sharing of good practice in fostering the better insertion of youth into the labour market through the development of quality apprenticeships. It would also seek to foster a greater commitment by countries to take action to introduce or strengthen apprenticeship initiatives and to take stock of the progress achieved.




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Foreword to the special virtual issue dedicated to the proceedings of the PhotonDiag2018 workshop on FEL Photon Diagnostics, Instrumentation, and Beamlines Design




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G20 Science Academies Issue Statement on Global Health

At the Science20 Dialogue Forum held today at the German National Academy of Sciences Leopoldina, a statement on improving global health was handed to German Chancellor Angela Merkel by representatives of the G20 science academies.




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G20 Science Academies Release Statement on Threats to Coastal and Marine Ecosystems and Conservation of the Ocean Environment

Representatives from the national academies of sciences of the G20 countries handed over recommendations for improving marine conservation to the Japanese Prime Minister Shinzo Abe.




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The G20’s Pandemic Moment

24 March 2020

Jim O'Neill

Chair, Chatham House
The planned emergency meeting of the G20 leaders could be the beginning of smart, thoughtful, collective steps to get beyond this challenging moment in history.

2020-03-24-COVID-Vaccine

A researcher works on a vaccine against coronavirus COVID-19 at the Copenhagen University research lab. Photo by THIBAULT SAVARY/AFP via Getty Images.

Having chaired the independent (and global) Antimicrobial Resistance (AMR) Review for David Cameron, I know a similar approach should have been taken quickly about COVID-19.

Similar not in precise nature but - in so far as incorporating infectious disease modelling, and using economic analysis to try to contain and solve it - it should be applied in parallel.

The AMR Review is well-known for highlighting the potential loss of life as well as the economic costs of an escalating growth of resistance to antimicrobials, and the inaction to prevent it.

In particular we showed that, by 2050, there could be around 10 million people each year dying from AMR, and an accumulated $100trn economic cost to the world from 2015 to 2050.

Horrendous outcomes

What is less focused on, as we showed in our final report, is that to prevent these horrendous outcomes, a 'mere' $42bn would need to be invested globally. This would give an investment return of something like 2,000%.

I shudder to think what policymakers could do if we don’t make these investments and we reach a situation - possibly accelerated itself by escalating the inappropriate use of antibiotics in this COVID-19 crisis - where we run out of useful antibiotics. It will be a much longer time period to find new vaccines to beat COVID-19.

In addition to this crisis, requiring G20 policymakers to back up their generous words about combatting AMR would mean they need to spend around $10bn instigating the generally agreed Market Incentive Awards to promote serious efforts by pharmaceutical companies.

In fact, given that the financial crisis we are also now in means companies are greatly dependent on our governments for their future survival, perhaps the pharma Industry will finally understand the real world concept of 'Pay or Play', where companies that don’t try to find new antibiotics are taxed to provide the pool of money for others that are bold enough to try. And realise there is a world coming of different risk-rewards for all, including them.

When applied to the COVID-19 challenge, it is useful to look at the required investment in accelerating as much as possible the efforts to find useful vaccines to beat it, but also to immediately introduce the therapeutics and diagnostics in countries that are so poorly prepared.

Those Asian countries affected early include a number that seem to have coped so far in keeping the crisis to a minimum because they had the appropriate therapeutics and diagnostics, despite not having vaccines. A sum of approximately $10 bn from the G20 would be sufficient to cover all these vital areas.

Now consider the economics of social distancing. As soon as it became apparent that our policymakers were heeding the Chinese method of trying to suppress COVID-19, it was immediately obvious that our economies would - at least for a short period - sustain the collapse of GDP that China self-imposed in February. From industrial production and other regular monthly data, the Chinese economy has declined by around 20%.

It is quite likely many other economies - probably each of the G7 countries - will experience something not too dissimilar in March. And, to stop our complex democracies from further immediate pressure including social disharmony, governments in many countries have needed to undertake dramatic unconventional steps.

Here in the UK, our new chancellor effectively had three budgets within less than a fortnight. And outside of the £330bn loan policy he has announced, at least £50bn worth of economic stimulus has been announced.

Many other G20 countries have undertaken their own versions of what I call 'People’s QE', many of them bigger packages - the US appears to be contemplating a stimulus as much as $2 trillion.

But, for the sake of illustration, if the UK package were the price for three months social distancing and this was repeated across the G20, then the total cost for all G20 countries - adjusted for relative size - would be in the vicinity of $1trillion.

If this isn’t accompanied by steps involving the best therapeutics and diagnostics, and we have to keep everyone isolated for one year, it would become at least $4trillion.

This may be 'back of the envelope' calculations which ignores the almost inevitable challenges for social cohesion in so many nations. But the G20 must spend something around $10bn immediately to put in absolute best standards all over the world, and another $10 bn to kickstart the market for new antibiotics.

This is a version of an article that first appeared in Project Syndicate.




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Argentina: Political Change and the G20 Presidency




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Undercurrents: Episode 11 - New Approaches to Peacebuilding, and Gender-Inclusive Growth at the G20