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Benin, Bosnia and Herzegovina, Cabo Verde, Mongolia and Oman join the most powerful multilateral instrument against offshore tax evasion and avoidance

On the occasion of the 10th Plenary Meeting of the Global Forum a further five countries signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, therewith bringing the total number of participating in the Convention to 135.




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BEPS Action 14: OECD releases stage 1 peer review reports on dispute resolution for Brunei Darussalam, Curaçao, Guernsey, Isle of Man, Jersey, Monaco, San Marino and Serbia

The work on BEPS Action 14 continues with today's publication of the eighth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.




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The COVID-19 crisis creates an opportunity to step up digitalisation among subnational governments

Recent decades have seen rapid growth of advanced digital technologies, including high-speed computing, big data, artificial intelligence, the internet-of-things and blockchain. This “digital revolution” creates significant opportunities for all levels of government to improve the delivery of public goods and services, and to raise more and better revenue.




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Burundi Money Supply M1

Money Supply M1 in Burundi increased to 1382397 BIF Million in June from 1339556.70 BIF Million in May of 2019. Money Supply M1 in Burundi averaged 617768.37 BIF Million from 2008 until 2019, reaching an all time high of 1382397 BIF Million in June of 2019 and a record low of 236399.10 BIF Million in January of 2008. This page provides - Burundi Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Burundi Money Supply M2

Money Supply M2 in Burundi increased to 1888807.10 BIF Million in October from 1888444.60 BIF Million in September of 2019. Money Supply M2 in Burundi averaged 886283.16 BIF Million from 2008 until 2019, reaching an all time high of 1894761.57 BIF Million in August of 2019 and a record low of 322362.60 BIF Million in January of 2008. This page provides the latest reported value for - Burundi Money Supply M2 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.




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Mongolia should persist with systematic anti-corruption reforms

Mongolia should persist with systematic reforms in its struggle against corruption, says a new report by the Istanbul Anti-Corruption Action Plan (IAP).




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Blog: Building a case for green private investment by Simon Upton

If we are to meet the goal of keeping global warming to 2 degrees, governments need to engage now to get on the right track to achieve zero‑net greenhouse emissions from combustion of fossil fuels in the second half of this century. Given the urgency of doing so, why does our dependence on fossil fuels appear to be unshaken?




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Public consultation on Phase 4 monitoring of the OECD Anti-Bribery Convention

The OECD Working Group on Bribery invited public comments on the next phase of country monitoring under the OECD Anti-Bribery Convention between 5 November and 1 December 2014. The call for comment is now closed.




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Consultation on Phase 4 monitoring of the OECD Anti-Bribery Convention

On the occasion of International Anti-Corruption Day, this Working Group on Bribery consultation with the private sector and civil society focused on the development of the Phase 4 evaluation process of the OECD Anti-Bribery Convention.




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OECD/Euromoney Conference on long-term investment financing

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.




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Mongolia should make combating nepotism and political corruption a priority

Mongolia’s rapid economic and social development, fuelled by the discovery of significant mineral resources, has exacerbated governance and corruption challenges.




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Mongolia should step up anti-corruption reforms

Mongolia has made significant progress in developing its anti-corruption policy, legislation and institutions over the past few years. However, progress has recently slowed and there are increasing concerns about the future direction and pace of reforms, according to a new OECD report.




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The Czech Republic must take significant steps to enforce its foreign bribery laws, but demonstrates commitment to improve

The Czech Republic must strengthen its efforts to detect, investigate and prosecute foreign bribery. Seventeen years after ratifying the OECD Anti-Bribery Convention, the Czech Republic has yet to prosecute a case involving the bribery of foreign public officials.




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Monitoring investment and trade measures

G20 Leaders are firmly committed to open trade and investment and to resisting protectionism in all its forms. They have mandated WTO, OECD and UNCTAD – the leading international organisations in the area of international trade and investment policies – to monitor policy developments and report publicly on these commitments.




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Monitoring the OECD Anti-Bribery Convention: Call for contributions

In 2018, the OECD Working Group on Bribery launched its fourth phase of monitoring of Chile, Korea and Mexico's implementation of the OECD Anti-Bribery Convention. To assist this evaluation process, the OECD calls for interested parties to provide written submissions on the evaluated countries.




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OECD urges countries to harmonise clinical trial regulations to boost medical research and save lives

Increasingly complex and inconsistent clinical trial regulations are causing delays, raising costs and leading to a decline in the number of international trials conducted by academics for non-commerical purposes.




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Avoiding death by diesel, blog post by Simon Upton

"It is estimated that air pollution from diesel-fuelled road transport kills 10 times more people each year in France than those who die in road accidents": OECD Insights Blog's post by Simon Upton, head of the OECD Environment Directorate, founder and Chair of the Round Table on Sustainable Development, and former New Zealand environment minister.




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Prevention and value for money in health spending must remain a priority for Ireland, says OECD Health at a Glance report

Ireland continues to make substantive headway in improving health outcomes, but more can be done in reducing risk-factors for major diseases and improving value-for-money in health spending, according to a new OECD report.




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Graph of the Month

The OECD Health Division is releasing a new series to highlight its work on health policies and data. A new graph will be available each month.




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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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Tohoku Cherry Tree Planting Ceremony

Through the Tohoku School Project, the students have developed their capacities for innovation, leadership, and co-operation. They learned how to get the information they need when there isn’t a readymade answer in their textbook or a teacher to guide them. In other words, they learned how to learn – perhaps the most valuable lesson of all! said OECD Secretary-General.




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Low oil prices and monetary easing triggering modest acceleration of global recovery

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.




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Austria, Luxembourg and Singapore among countries signing-on to end tax secrecy

As a further sign of international efforts to crack down on tax offenders, 12 more countries have signed, or committed to sign, the OECD’s Multilateral Convention on Mutual Administrative Assistance in Tax Matters. In addition, another 6 countries have ratified the Convention.




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Reform of Austria’s school governance crucial to deliver better value for money

Austria has taken important steps to improve its school system, but needs to reform its complex school governance to further improve quality and equity, according to a new OECD report.




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Written Statement to the International Monetary and Financial Committee - April 2013

The OECD provides an update on global economy in this statement to the International Monetary and Financial Committee - April 2013.




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OECD-Latin America Seminar on enhancing transparency and monitoring of insurance markets

This regional seminar in Montevideo, Uruguay, focused on the monitoring and transparency of insurance markets in Latin America through the provision of sound insurance statistics and indicators, regionally and globally.




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Improving the monitoring of the value of implicit guarantees for bank debt

The value of implicit guarantees has declined from its peak at the height of the financial crisis, which is consistent with progress made regarding the bank regulatory reform agenda, as one would expect that many of the reform measures imply a more limited value of implicit guarantees for bank debt. Implicit guarantees persist however and their value continues to be significant.




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OECD/Euromoney Roundtable on Long-term Investment Policy

2014 OECD/Euromoney Roundtable on Long-term Investment Policy: The roundtable provided a unique opportunity for participants to discuss the OECD’s work on institutional investors and long-term financing with senior policymakers and regulators, and to facilitate investment by institutional investors, addressing both potential regulatory obstacles and market failures.




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World Bank/IMF Spring 2015 meetings: Written statement to the International Monetary and Financial Committee

Written statement by OECD Secretary-General Angel Gurría for the IMFC during the World Bank Group/International Monetary Fund 2015 Spring meetings in Washington, DC.




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Financing for development? Show me the money!

In 2009, Zambian economist Dambisa Moyo published her book, “Dead Aid”, which shocked much of the international development community by claiming that ‘traditional’ systems of official development assistance (ODA) to Africa were not delivering, and arguing why we must find alternatives. This article looks at where we are at today.




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OECD/Euromoney Conference on long-term investment financing

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.




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OECD financial literacy study finds many adults struggle with money matters

12/10/2016 – Adults in many countries around the world display low levels of financial knowledge, fail to engage in financial behaviours that could improve their financial security and have financial attitudes oriented towards the short-term, as shown in the OECD/INFE International Survey of Adult Financial Literacy Competencies released today.




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OECD to launch Pensions Outlook 2016 Monday 5 December

OECD Pensions Outlook 2016, to be published on Monday 5 December at 12p.m. Paris time, assesses policy issues regarding strengthening pension systems and, in particular, funded pension plans.




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Many teenagers struggle to understand money matters

Around one in four students in the 15 countries and economies* that took part in the latest OECD Programme for International Student Assessment (PISA) test of financial literacy are unable to make even simple decisions on everyday spending, while only one in ten can understand complex issues, such as income tax.




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Corporate Bond Markets in a Time of Unconventional Monetary Policy

25 February 2019 - Corporate bond markets have become an increasingly important source of financing for non-financial companies since the global financial crisis. The total outstanding debt in the form of corporate bonds reached USD 13 trillion as of end-2018. In real terms, this is twice as much as in 2008. This paper documents a number of associated risks and vulnerabilities.




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Combating Money Laundering and the Financing of Terrorism in Latvia: Overview

A robust and resilient anti-money laundering and combating of terrorism financing (AML/CFT) regime is the first step towards being able to implement effective legal, regulatory and operational measures. This document describes recommendations made by the OECD in relation to Latvia’s efforts to strengthen its AML/CFT supervisory and control systems.




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Exchange rates, interest rates and other monthly monetary and financial statistics

Monthly monetary and financial statistics contains financial statistics on five separate subjects: monetary aggregates, interest rates, exchange rates, reserve assets, and share prices.




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Rwanda Money Supply M2

Money Supply M2 in Rwanda decreased to 1867.30 RWF Billion in January from 1879.70 RWF Billion in December of 2019. Money Supply M2 in Rwanda averaged 744.54 RWF Billion from 2003 until 2020, reaching an all time high of 1879.70 RWF Billion in December of 2019 and a record low of 118.20 RWF Billion in January of 2003. This page provides - Rwanda Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Mr. Angel Gurría, Secretary-General of the OECD, in Brussels on Monday 16th October 2017

Mr. Angel Gurría, Secretary-General of the OECD, was in Brussels on Monday 16th October 2017 to attend the General Assembly of the World Steel Association, where he delivered a keynote address.




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Brunei Money Supply M1

Money Supply M1 in Brunei increased to 4578.39 BND Million in October from 4447.11 BND Million in September of 2019. Money Supply M1 in Brunei averaged 4430.94 BND Million from 2011 until 2019, reaching an all time high of 5758 BND Million in January of 2012 and a record low of 3323 BND Million in July of 2011. This page provides - Brunei Money Supply M1- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Brunei Money Supply M2

Money Supply M2 in Brunei increased to 14337.22 BND Million in October from 14197.81 BND Million in September of 2019. Money Supply M2 in Brunei averaged 14299.93 BND Million from 2011 until 2019, reaching an all time high of 15310 BND Million in June of 2014 and a record low of 12331 BND Million in January of 2011. This page provides - Brunei Money Supply M2- actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Cyprus Money Supply M1

Money Supply M1 in Cyprus increased to 4429 EUR Thousand in December from 4209 EUR Thousand in November of 2007. Money Supply M1 in Cyprus averaged 1780.44 EUR Thousand from 1993 until 2007, reaching an all time high of 4429 EUR Thousand in December of 2007 and a record low of 792 EUR Thousand in February of 1993. This page provides - Cyprus Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Cyprus Money Supply M2

Money Supply M2 in Cyprus increased to 18440158 EUR Thousand in November from 18178113 EUR Thousand in October of 2007. Money Supply M2 in Cyprus averaged 10874443.64 EUR Thousand from 1997 until 2007, reaching an all time high of 18440158 EUR Thousand in November of 2007 and a record low of 6024459 EUR Thousand in February of 1997. Cyprus Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides - Cyprus Money Supply M2 - actual values, historical data, forecast, chart, statistics, economic calendar and news.




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Written Statement to the International Monetary and Financial Committee - April 2013

The OECD provides an update on global economy in this statement to the International Monetary and Financial Committee - April 2013.




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The effectiveness of monetary policy since the onset of the financial crisis

In the wake of the Great Recession, a massive monetary policy stimulus was provided in the main OECD economies. It helped to stabilise financial markets and avoid deflation. Nonetheless, GDP growth has been sluggish and in some countries lower than expected given the measures taken, and estimated economic slack remains large.




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The benefits and costs of highly expansionary monetary policy

How far to go – and to remain – in the direction of highly expansionary monetary policy hinges on the balance of marginal benefits and costs of additional monetary easing and its expected evolution over time. This paper sketches a framework for assessing this balance and applies it to four OECD economic areas: the euro area, Japan, the United Kingdom and the United States.




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Transitions in and out of unemployment among young people in the Irish recession

Young people have been hit hard by unemployment during the Irish recession. While much research has been undertaken to study the effects of the recession on overall labour market dynamics, little is known about the specific effects on youth unemployment and the associated challenges.




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OECD Economic Survey of Hungary launches Monday 27 January 2014

The OECD’s latest Economic Survey of Hungary, to be published on Monday 27 January 2014, assesses the country’s exit from recession as well as steps that can be taken to boost its growth potential.




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Spillover effects from exiting highly expansionary monetary policies

The prospective normalisation of monetary policies in the main OECD areas will be challenging given that current policy rates are likely to be significantly below neutral levels and that central bank balance sheets will be above the pre-crisis levels by a wide margin.




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Reducing the high rate of poverty among the elderly in Korea

One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem.