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Lack of enforcement jeopardises South Africa’s fight against foreign bribery; OECD concerned that political and economic considerations may be an influence

South Africa must take urgent steps to proactively investigate and prosecute foreign bribery. No foreign bribery cases have been prosecuted since South Africa joined the Convention in 2007. The 4 on-going investigations – out of only 10 allegations that have surfaced to date – are also far from reaching the prosecution stage, according to a new report by the OECD Working Group on Bribery.




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Latvia to join OECD Anti-Bribery Convention

Latvia has taken an important step on the road to OECD membership by completing the process to become a member of the OECD Anti-Bribery Convention. Latvia will become the 41st Party to the OECD Anti-Bribery Convention on 30 May 2014.




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OECD-Risklab-APG Workshop on pension fund regulation and long-term investment

Held in Amsterdam on 7 April 2014, this workshop focused on: long-term pension investment strategies under risk-based regulation; riskiness and pro-cyclicality in pension asset allocation; and, regulatory challenges for long-term illiquid assets.




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2014 G20-OECD High-level roundtable on institutional investors and long-term investment

Singapore, 4 June 2014: This roundtable focused on how policymakers and investors can facilitate private sector infrastructure financing, as well as issues related to governance for institutional investors and the accounting treatment for long-term investment.




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OECD Guidelines for Multinational Enterprises - Responsible Business Conduct Matters

Available in several languages, this booklet provides basic information about the OECD Guidelines for Multinational Enterprises, the most comprehensive set of government-backed recommendations on responsible business conduct in existence today. Adhering governments aim to encourage the positive contributions MNEs can make to sustainable development and to minimise the difficulties to which their various operations may give rise.




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Southeast Asia Investment Policy Perspectives

The Southeast Asian region has the potential to attract significant amounts of international investment in the coming years. To help ASEAN countries address the challenges that arise from an increased openness to investment, this report analyses the region's investment climate and suggests ways to bring about a greater convergence of both policies and outcomes for the countries involved.




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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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Slovenia must urgently prioritise the fight against foreign bribery, says OECD

Serious steps must be taken by Slovenia to ensure that it effectively detects, investigates and prosecutes allegations of transnational bribery.




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Statement of OECD Working Group on Bribery on Spain’s efforts to amend its Penal Code and to enforce its foreign bribery offence

The OECD Working Group on Bribery supports Spain’s efforts to further reform its Penal Code to bring its anti-bribery law into line with its international obligations under the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions.




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Statement of OECD on Japan’s Efforts to Increase Foreign Bribery Enforcement

Due to serious concerns about the extremely low level of enforcement of Japan’s offence of bribing foreign public officials – just three prosecutions since 1999 – the OECD Working Group on Bribery recommended in December 2013 that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.




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Statement by the National Contact Points for the OECD Guidelines for Multinational Enterprises - One Year After Rana Plaza

This statement was adopted by National Contact Points on 25 June 2014 during their 15th Meeting.




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Fact finding survey on investment treaty law, sustainable development responsible business conduct

This survey was presented at the Informal ministerial meeting on responsible business conduct held in Paris on 26 June 2014.




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The Policy Framework for Investment in Agriculture

The Policy Framework for Investment in Agriculture is a flexible tool which helps governments evaluate their investment policies in the ten areas essential to creating an attractive environment for investors and in enhancing the development benefits of agricultural investment.




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Latin America and Caribbean: Conference on infrastructure investment

This conference addressed key questions on investment in infrastructure and transport in Latin America and the Caribbean. It brought together policymakers, international experts and other interested stakeholders to discuss concrete policy recommendations to maximise the opportunities and address the challenges in the region.




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OECD-AfDB seminar on addressing policy impediments to private investment in African infrastructure

This seminar investigated how changes made in key policy areas at national, regional and international levels can help generate more and better private investment in Africa’s infrastructure.




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B20 Panel: The next wave of global investment: what and where?

Since the start of the crisis, a growing number of OECD countries have been reporting declining inward and outward FDI, a phenomenon that could be described as ‘investment de-globalisation’. Governments must take immediate and vigorous action to reverse such trends by removing unnecessary barriers and complexities that hinder investment, said OECD Secretary-General.




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Self-assessment of South Africa's investment regime in relation to the OECD Codes of Liberalisation and the principle of National Treatment

This self-assessment report looks at South Africa's investment regime in the light of the OECD Codes of Liberalisation and the principle of National Treatment.




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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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ADB-OECD Conference on fighting corruption and building trust in Asia and the Pacific

3-4 September 2014, Phnom Penh, Cambodia: This conference focused on the key levers for restoring trust in government and building trust by and in the private sector and civil society.




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ILO-OECD roundtable on responsible sourcing in the textile and garment sector

This roundtable provided a forum for dialogue on building responsible supply chains in the textile and garment sector that contribute to inclusive growth and sustainable development, in line with the OECD and ILO recommendations. The Roundtable also identified challenges and areas for future collaborative action.




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Anti-corruption Network for Eastern Europe and Central Asia meetings: October 2014

8-10 October 2014, Paris, France: Discussions at this meeting will focus on implementing the Istanbul Anti-Corruption Action Plan; monitoring reports for Armenia and Kazakhstan; and, progress reports from Azerbaijan, Georgia, Kyrgyz Republic, Mongolia, Tajikistan, Ukraine and Uzbekistan.




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The growing pains of investment treaties

OECD Secretary-General Angel Gurría blogs about international investment treaties at a time when they are increasingly in the spotlight.




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Statement of the OECD Working Group on Bribery on France’s implementation of the Anti-Bribery Convention

After a comprehensive review in October 2012, the OECD Working Group on Bribery asked France, through a series of concrete recommendations, to intensify its actions to fight the bribery of foreign public officials and undertake important reforms.




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Kazakhstan must sharpen its strategy and raise impact of its anti-corruption measures

Kazakhstan’s new anti-corruption strategy must be better defined, involving key stakeholders, with targeted actions and goals that address the key corruption challenges facing the country, says a new OECD report by the Istanbul Anti-Corruption Action Plan (IAP).




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Brazil closes legal loophole on foreign bribery: OECD hopes this will now translate into stepped up enforcement

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.




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Public consultation on updating the Policy Framework for Investment

This public consultation was held to gather interested stakeholders' comments on the draft chapters of the Policy Framework for Investment currently being updated. The consultation ran until 31 December 2014.




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Public Financial Institutions and the Low-carbon Transition: Five Case Studies on Low-Carbon Infrastructure and Project Investment - Environment Working Paper

Public financial institutions (PFIs) are well-positioned to act as a key leverage point for governments’ efforts to mobilise private investment in low-carbon projects and infrastructure. This study identifies the tools, instruments and approaches used by five PFIs to directly support and scale-up domestic private sector investment in sustainable transport, energy-efficiency and renewable energy in OECD countries.




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International investment in Europe: A canary in the coal mine?

Global FDI flows collapsed with the global financial crisis in 2008 and remain 40% below pre-crisis levels. A major reason for this is the EU. While FDI flows in the rest of the world recovered by 2010, the EU continues to struggle due to structural factors that are undermining the quality of the EU’s investment environment. The paper analyses why and puts forward policy options. It is part of the Investment Insights series.




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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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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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International investment continues to struggle: Foreign direct investment in figures - December 2014

Global FDI flows for 2014 have stalled at levels substantially below the peak levels reached before the financial crisis and ensuing global recession that began in 2008 according to preliminary estimates in the December 2014 issue of FDI in Figures.




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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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2014 ASEAN-OECD Conference on investment policy in Southeast Asia

This conference showcased ASEAN’s regional investment integration achievements and efforts. Practitioners highlighted policy reforms at the national and regional levels and considered practical measures to enhance integration. Ways to successfully attract investment that will strengthen ASEAN supply chains were identified.




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Argentina seriously non-compliant with key articles of Anti-Bribery Convention, says OECD

The OECD Working Group on Bribery doubts Argentina’s commitment to fight foreign bribery. Argentina still has no law to punish companies for foreign bribery or prosecute its citizens who commit this crime abroad. Widespread delays continue to plague complex economic crime investigations.




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France - OECD Anti-Bribery Convention

This page contains all information relating to implementation of the OECD Anti-Bribery Convention in France.




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Infrastructure versus other investments in the global economy and stagnation hypotheses: What do company data tell us?

“Why do financial institutions and investors see so little risk, while companies investing in the real economy see so much risk?” This is perhaps the most important question facing policy makers today. This paper sets out some of the possible hypotheses for lack of investment in the world economy. It uses data drawn from 10 000 global companies in 75 advanced and emerging countries.




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Social Impact Investment

New approaches are needed for addressing social and economic challenges, including new models of public and private partnership which can fund, deliver and scale innovative solutions from the ground up.




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G20: Remarks for Session 3 - Investment and Infrastructure

One traditional cylinder of the global growth engine has been specifically weak: this is investment, the second of the 3 “I”s of the Turkish Presidency’s triptych, and in particular cross-border investment.




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Survey on the contribution of SMEs to due diligence for responsible mineral supply chains

The German Federal Institute for Geosciences and Natural Resources (BGR), supported by the OECD, has initiated a study to assess the contribution of small and medium-scale enterprises (SMEs) to due diligence for responsible mineral supply chains. To gather information for this study, SMEs were invited to take part on a confidential survey of due diligence activities by SMEs.




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The Dark Horse, The Paper Tiger and Chicken Little: Lessons from the OECD Foreign Bribery Report

One of the more startling findings in the OECD Foreign Bribery Report, is that some level of corporate management was involved in over 50% of the cases sanctioned. This paper by Leah Ambler, published in the Journal of Business Compliance (01/2015), examines what went wrong and why from a corporate governance and compliance perspective.




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2nd Online public consultation on updating the Policy Framework for Investment

This online public consultation was held to gather interested stakeholders' comments on the draft Policy Framework for Investment currently being updated. The consultation ran until 25 February 2015.




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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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Conference on Investment Treaties: Policy Goals and Public Support

Paris, 16 March 2015: Organised by the OECD-hosted Freedom of Investment Roundtable, this conference assessed opportunities and challenges associated with investment treaties and how the system can be improved.




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Anti-corruption Network for Eastern Europe and Central Asia: March 2015 meetings

This meeting will focus on the third round monitoring reports under the Istanbul Anti-Corruption Action Plan for Kyrgyzstan and Ukraine. The meeting will also include progress reports from Armenia, Azerbaijan, Georgia, Kazakhstan, Mongolia, Tajikistan and Uzbekistan.




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Kyrgyzstan must implement anti-corruption policies and laws to reduce corruption

Widespread corruption continues to be a major challenge for Kyrgyzstan’s development, despite efforts to streamline its anti-corruption policy and strengthen the institutional framework since 2012.




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Ukraine must enforce its new anti-corruption strategy and legislation

Widespread corruption was one of the main reasons that led to the change of the political regime in Ukraine in 2014. The new administration pledged to fight corruption, a challenging task in the current context of the economic crisis and military conflict in the East of the country.




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Public consultation on the OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractives Sector

This public consultation is being held to gather comments on the draft OECD Due Diligence Guidance for Meaningful Stakeholder Engagement in the Extractives Sector which provides practical guidance to mining, oil and gas enterprises in addressing the challenges related to stakeholder engagement. The deadline for comment is 5 June 2015.




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The OECD's approach to capital flow management measures used with a macro-prudential intent

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.




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How to connect trade, investment and development

The Netherlands last chaired the OECD Ministerial Council Meeting in 1991, a year when advanced economies accounted for nearly two thirds of global GDP and almost two billion people were living in extreme poverty. The world looks very different today. Emerging markets now account for more than half of global GDP and the number of people living in extreme poverty is down to one billion.




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Prevention of Corruption in the Public Sector in Eastern Europe and Central Asia

This cross-country report on prevention of public sector corruption analyses the preventive measures that have proven to be effective and successful in Eastern Europe and Central Asia. The review focuses on twenty-one countries in Eastern Europe and Central Asia and includes examples from OECD countries.