DOCSLIB.ORG

8-11 July 2021 Venice - Italy

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text

Load more

3RD G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETING AND SIDE EVENTS 8-11 July 2021 Venice - Italy 1 CONTENTS 1 ABOUT THE G20 Pag. 3 2 ITALIAN G20 PRESIDENCY Pag. 4 3 2021 G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETINGS Pag. 4 4 3RD G20 FINANCE MINISTERS AND CENTRAL BANK GOVERNORS MEETING Pag. 6 Agenda Participants 5 MEDIA Pag. 13 Accreditation Media opportunities Media centre - Map - Operating hours - Facilities and services - Media liaison officers - Information technology - Interview rooms - Host broadcaster and photographer - Venue access Host city: Venice Reach and move in Venice - Airport - Trains - Public transports - Taxi Accomodation Climate & time zone Accessibility, special requirements and emergency phone numbers 6 COVID-19 PROCEDURE Pag. 26 7 CONTACTS Pag. 26 2 1 ABOUT THE G20 Population Economy Trade 60% of the world population 80 of global GDP 75% of global exports The G20 is the international forum How the G20 works that brings together the world’s major The G20 does not have a permanent economies. Its members account for more secretariat: its agenda and activities are than 80% of world GDP, 75% of global trade established by the rotating Presidencies, in and 60% of the population of the planet. cooperation with the membership. The forum has met every year since 1999 A “Troika”, represented by the country that and includes, since 2008, a yearly Summit, holds the Presidency, its predecessor and with the participation of the respective its successor, works to ensure continuity Heads of State and Government. within the G20. The Troika countries are currently Saudi Arabia, Italy and Indonesia. In addition to the Summit, ministerial and finance track deputies meetings, working Origins of the G20 groups and special events are organized In 1999, in the wake of the 1997 economic throughout the year. crisis, the “Group of 20” was established, aimed at including other countries in their Participants discussions related to global economics The G20 members are: Argentina, Australia, and finance. The first official meeting of the Brazil, Canada, China, France, Germany, G20 was held in Berlin in December that Japan, India, Indonesia, Italy, Mexico, same year. Republic of Korea, Russia, South Africa, Following the 2008 financial crisis, the level Saudi Arabia, Turkey, the United Kingdom, of participation of the G20 was elevated to the United States, and the European Union. Heads of State and Government. Spain is also invited as a permanent guest. At the 2009 Pittsburgh Summit, the Each year, the Presidency invites guest Heads of State and Government decided countries, which take full part in the G20 to institutionalize the G20 as the main exercise. Several international and regional forum for global economic and financial organizations also participate, granting the cooperation. The G20 Leaders have met forum an even broader representation. every year since 2010. 3 2 ITALIAN G20 PRESIDENCY PEOPLE PLANET PROSPERITY The world is facing many difficult This is why in 2021 the G20, under the challenges today, which he G20 is intensely Italian Presidency, will focus on three broad, working to address, by identifying – and interconnected pillars of action: People, implementing – shared, coordinated and Planet, Prosperity. equitable responses. This requires vision, dialogue, mutual understanding, and a Within these pillars, we are taking the profound awareness of our common global lead in ensuring a swift international responsibilities. response to the pandemic - able to provide equitable, worldwide access to diagnostics, The pandemic has had profound impacts therapeutics and vaccines - while building on the health of humans worldwide. up resilience to future health-related shocks. It has affected peoples’ livelihoods, our economies, international trade. It has added We are also looking beyond the crisis, its burden onto other systemic problems, towards ensuring a rapid recovery that from climate change to inequality, which addresses people’s needs. This implies a are hampering our ability to fully prosper focus on reducing inequalities, on women’s and express our potential. It has also made empowerment, on the younger generations one thing clear: we live in an era in which and on protecting the most vulnerable. It local problems swiftly become global means promoting the creation of new jobs, challenges. social protection and food security. This, however, also means that we can work The G20 is also intent on paving the way to together to recover from this crisis and rebuilding differently in the aftermath of seize the opportunity to shape the future, the crisis. More efficiently, through a better learning from our shared experience and use of renewable energies and with a firm ensuring that efficient, innovative tools and commitment to protecting our climate and technologies become the basis for a more our common environment. resilient, sustainable and greener growth. This is a prerequisite for our sustained prosperity. A prosperous future, however, In an increasingly interconnected world, also requires that we properly harness the multilateralism is far more than an abstract main drivers of growth and innovation. We concept. It is the key to responding to these are working to bridge the digital divide challenges, and the G20, bringing together and make digitalization an opportunity for much of the world’s population and of the all, improve productivity and – in short – to global economy, must live up to its role. leave no one behind. 4 2021 G20 FINANCE MINISTERS AND 3 CENTRAL BANK GOVERNORS MEETINGS The decisions to establish the G20 (1999) investigating the various aspects related and raise the level of participation at Heads to economic, financial, monetary and tax of State and Government (2009) were taken issues. following two major crises that affected the global economy. This framework is structured into six separate working groups, dedicated to macroeconomic Although the topics addressed by the G20 issues, international financial architecture, have significantly expanded over the years, infrastructure, sustainable finance, financial the economic themes have maintained a inclusion and Africa. The Finance Track also particular importance in the process. covers issues such as on financial regulation and taxation. The term “Finance Track” refers to the meetings coordinated by the Ministry of The dates and format of the events may be Finance and the Central Bank, aimed at subject to change. 26 Feb 1st G20 Finance Ministers and Central VTC Bank Governors Meeting - More info 7 Apr 2nd G20 Finance Ministers and VTC Central Bank Governors Meeting - Communiqué 9 – 10 July 3rd G20 Finance Ministers and Central Venice Bank Governors Meeting 15 – 16 October 4th G20 Finance Ministers and Central Washington DC Bank Governors Meeting 29-30 October (TBC) Joint Finance and Health Ministers’ Rome Meeting 30th - 31st October G20 Leaders’ Summit Rome 5 3RD G20 FINANCE MINISTERS AND 4 CENTRAL BANK GOVERNORS MEETING CONTEXT / INTRODUCTION G20 Finance Ministers and Central Bank In this third meeting, the first in-person Governors (FMCBG) have already met twice under the Italian G20 Presidency, G20 under the Italian G20 Presidency. members will progress their discussions on issues related to international economy The first official meeting was held on and global health and on the efforts to 26 February 2021, in which, Ministers and push forward the economic recovery and Governors acknowledged that health promoting a more sustainable growth. and economic conditions remained difficult despite the launch of vaccination Ministers and Governors will also touch campaigns and signs of strengthening upon the digital revolution-productivity economic activity. nexus, the support to the most vulnerable countries, international taxation matters, In February, they also expressed a strong financial sector related issues and how to committed to scale up international finance the green transition. coordination to tackle global challenges by adopting a stronger multilateral approach From Thursday 8 to Sunday 11 July, a number and focusing on a set of core priorities. More of side events will be held within the on the 1st G20 FMCBG meeting here. context of the G20 FMCBG Venice meeting. These include the Annual Conference of G20 FMCBGs met again on 7 April. the Global Forum on Productivity, the G20 In their second meeting, G20 Ministers High-Level Tax Symposium and the Venice and Governors recognised that after the International Conference on Climate. contraction registered in 2020, the global outlook has improved, mainly due to the roll out of vaccination campaigns and continued policy support. Nonetheless, the recovery appeared clouded by uncertainty and uneven across and within countries. G20 Members agreed on a series of commitments, detailed in the official Communiqué, issued at the end of the meeting. More on the 2nd G20 FMCBG meeting here. 6 AGENDA 8-11 JULY 2021 Thursday 8 July 2021 Annual Conference of the Global Forum on Productivity co- organised by the Italian G20 Presidency Event open to accredited journalists only. 11.15am – 4pm Accredited journalists can follow the event remotely. Credentials to access the event virtually will be sent one hour before the event starts to the same email address used for accreditation. Please be aware that the media centre at the Arsenal will be closed on Thursday 8 July. Friday 9 July 2021 G20 High-Level Tax Symposium Event open to accredited journalists only. Accredited journalists can follow the
Recommended publications
  • Organizational Framework of the G-77

    Organizational Framework of the G-77

    17 CHAPTER 2 ORGANIZATIONAL FRAMEWORK OF THE GROUP OF 77 by Lydia Swart …neither the Western media nor Western scholars pay much attention to the multilateral policies and practices of the states variously described as the South, the third world, or developing countries. In particular, patterns of cooperation among these states in pursuit of common interests at the UN are often ignored or dismissed as of little consequence. Sally Morphet, 2004 Institutional Arrangements: UNCTAD The institutional arrangements of the G-77 developed slowly. In its first years, the G-77’s activities primarily coalesced around UNCTAD as it was regarded by the South as the key locus to improve conditions of trade for development and to form a counterbalance to the Bretton Woods Institutions dominated by the North. The G-77 focus on UNCTAD was so pronounced that until 1976—when it held a Conference on Economic Cooperation among Developing Countries—the group only convened high-level meetings in preparation for UNCTAD sessions. These ministerial meetings to prepare for UNCTAD started in 1967 at the initiative of the Group of 31, consisting of developing countries that were members of UNCTAD’s Trade and Development Board (TDB), represented by Ambassadors in Geneva.10 The first G-77 ministerial meeting in 1967 adopted the Charter of Algiers, which details the G-77’s programme of action but is rather short on internal institutional issues. It is only at the very end of the Algiers Charter that a few organizational aspects are mentioned. The G-77 decided to meet at the ministerial level as “often as this may be deemed necessary” but “always prior to the convening of sessions” of 10 Later referred to as preparatory meetings.
  • Russia Takes Double Punch As Vanishing Workers Fan Prices Bloomberg.Com – Global Edition by Olga Tanas 2014-09-17, T14:12:11Z

    Russia Takes Double Punch As Vanishing Workers Fan Prices Bloomberg.Com – Global Edition by Olga Tanas 2014-09-17, T14:12:11Z

    Russia Takes Double Punch as Vanishing Workers Fan Prices Bloomberg.com – Global edition By Olga Tanas 2014-09-17, T14:12:11Z Photographer: Andrey Rudakov/Bloomberg. An employee works on the assembly of a truck cabin on the production line at the OAO KamAZ plant in Naberezhnye Chelny, Russ The aging workforce is packing a double punch for the Russian economy The unborn generation of the 1990s, a period of hyperinflation and instability after the Soviet breakup, left the nation depleted of younger workers. Unemployment is at a record low, putting pressure on wages (RUMEREAL) and helping keep inflation near the fastest since 2011. The poor demographics are shaving 0.5 percentage point off economic growth a year, according to the Higher School of Economics in Moscow, which estimates the working-age population will shrink by as many as 15 million people, or more than the size of the Russian capital, by 2030. Aging populations are unsettling central bankers from Tokyo to Frankfurt in their struggle to prevent deflation as older workers tend to defer consumption in favor of savings. Russia faces the opposite threat: entrenched inflation that risks shackling monetary policy already lurching from one crisis to another since Crimea was annexed in March. “Taking into account low unemployment and tight supply on the labor market, wages will remain at a high level, affecting inflation,” said Natalia Orlova, chief economist at Alfa Bank in Moscow. With the central bank increasingly drawing attention to poor demographics, it’s “in effect saying it can do nothing for the economy, whose problems are structural in character.” Demographic Factor Russia is caught in a vise of elevated inflation and stalling economic growth.
  • GOAL Global Opportunity Asset Locator Outlook for 2021 Rotation

    GOAL Global Opportunity Asset Locator Outlook for 2021 Rotation

    20 November 2020 | 5:46PM GMT GOAL: Global Opportunity Asset Locator Outlook for 2021: Rotation inoculation — remain pro-risk Christian Mueller-Glissmann, CFA +44(20)7774-1714 | christian.mueller- [email protected] Goldman Sachs International Alessio Rizzi n We are pro-risk for 2021 and expect the pro-cyclical rotation across and within +44(20)7552-3976 | [email protected] assets to continue, supported by a strong economic recovery from the COVID-19 Goldman Sachs International Cecilia Mariotti shock. With a favourable growth/inflation mix and still elevated equity risk premia +44(20)7552-0450 | [email protected] we are OW equities and UW bonds. With tighter credit spreads we are N credit Goldman Sachs International but still see opportunities to move down in quality. Over a 12m horizon we are Andrea Ferrario +44(20)7552-4353 | OW commodities (N for 3m), supported in particular by a bullish oil view. [email protected] Goldman Sachs International n While absolute equity valuations are high after the sharp recovery, they remain Peter Oppenheimer +44(20)7552-5782 | attractive vs. bonds. And equities should be able to digest a gradual increase in [email protected] bond yields better than fixed income as long as they come alongside better Goldman Sachs International David J. Kostin growth. We expect more rotation within equities – the leadership in regions, +1(212)902-6781 | [email protected] sectors and styles has been unusually defensive in the recovery. Goldman Sachs & Co. LLC Kathy Matsui n Our Risk Appetite Indicator (RAI) has turned positive, which alone is not a +81(3)6437-9950 | [email protected] Goldman Sachs Japan Co., Ltd.
  • G20 UPDATE E-NEWSLETTER Issue #17 - October 2013

    G20 UPDATE E-NEWSLETTER Issue #17 - October 2013

    subscribeasdf aklsd jflksdj to the flksdjnewsletter flsdkj flksdj df f d f d fd fdfsssflsdjfldsjf lkdsj(click flksdj fklsdjhere) flksdj flkdsjf lksdjf lksdfj G20 UPDATE E-NEWSLETTER Issue #17 - October 2013 2012 2013 2014 CC BY-SA 2.0 (kurt) CC BY-SA 2.0 (LHOON) Reflections on the Summit Must Read In “Investment in the In “Building on mixed In “The G20 St. In “Reflections from the --Insights from the Future: Preliminary success – from St Petersburg Summit – 2013 Russian G20 BRICS results of Russia’s G20 Petersburg 2013 to Bubbles, Casinos and Summit,” Michael --News from “Down Presidency,” Brisbane 2014,” Nancy Inactivity,” Sameer Switow, Global Council of Under” O. Buklemishev, Associate Waites, Head of Policy Dossani, Advocacy the Global Call to Action --New Think Tank professor at the Economics Research & Government Coordinator, Reshaping Against Poverty (GCAP), Publications Department of Moscow Relations, World Vision Global Power, Action Aid reviews highlights of the State University and Australia, provides a view International describes G20 Summit as they relate member of the Expert of the Russian G20 Summit-related issues, to: international Council for the Russian G20 Summit and the transition such as the currency development, remittances, Presidency, provides an in- to the Australian crises and tax reform. infrastructure, gender, and depth report of the G20’s Presidency. tax avoidance. strengths, weaknesses, and tensions in promoting economic recovery. Pages 3-5 Pages 6-8 Pages 9-11 Pages 12-14 Pages 8 | 14 | 15 a UPDATE Introduction Highlights of the Russian G20 Summit Introduction G20 Nancy Alexander, Heinrich Böll Foundation - North America At the September 2013 G20 Summit Arguably, the Summit’s main Buklemishev, the U.S.
  • 2016 Annual Meetings of the Boards of Governors

    2016 Annual Meetings of the Boards of Governors

    THE WORLD BANK GROUP Public Disclosure Authorized 2016 ANNUAL MEETINGS OF THE BOARDS OF GOVERNORS Public Disclosure Authorized SUMMARY PROCEEDINGS Public Disclosure Authorized Washington, D.C. October 7-9, 2016 Public Disclosure Authorized THE WORLD BANK GROUP Headquarters 1818 H Street, NW Washington, D.C. 20433 U.S.A. Phone: (202) 473-1000 Fax: (202) 477-6391 Internet: www.worldbankgroup.org iii INTRODUCTORY NOTE The 2016 Annual Meetings of the Boards of Governors of the World Bank Group (Bank), which consist of the International Bank for Reconstruction and Development (IBRD), International Development Association (IDA), the International Finance Corporation (IFC), International Centre for the Settlement of Investment Disputes (ICSID), and the Multilateral Investment Guarantee Agency (MIGA), held jointly with the International Monetary Fund (Fund), took place on October 7, 2016 in Washington, D.C. The Honorable Mauricio Cárdenas, Governor of the Bank and Fund for Colombia, served as the Chairman. In Committee Meetings and the Plenary Session, a joint session with the Board of Governors of the International Monetary Fund, the Board considered and took action on reports and recommendations submitted by the Executive Directors, and on matters raised during the Meeting. These proceedings outline the work of the 70th Annual Meeting and the final decisions taken by the Board of Governors. They record, in alphabetical order by member countries, the texts of statements by Governors and the resolutions and reports adopted by the Boards of Governors of the World Bank Group. In addition, the Development Committee discussed the Forward Look – A Vision for the World Bank Group in 2030, and the Dynamic Formula – Report to Governors Annual Meetings 2016.
  • Oh for a New Risorgimento

    Oh for a New Risorgimento

    SPECIAL REPORT I TA LY June 11th 2011 Oh for a new risorgimento SRitaly.indd 1 31/05/2011 14:42 S PECIAL REPORT I TALY O h for a new risorgimento Italy needs to stop blaming the dead for its troubles and get on with life, says John Prideaux ON A WARM spring morning in Treviso, a town in Italy’s north•east, sev• eral hundred people have gathered in the main square, in the shadow of a13th•century bell tower, to listen to speeches. The crowd is so uniformly dressed, in casually smart clothes and expensive sunglasses, that an out• sider might assume invitations to this event had been sent out weeks ago. Most people are clutching plastic ags on white sticks. Some of them car• ry children wearing rosettes in red, white and green. On a temporary stage a succession of speakers talk about the country’s glori• ous history. Italy has taken the day o to celebrate its 150th anniversary as a nation. Treviso’s mayor, Gian Paolo Gobbo, is not celebrating. The desk in his oce faces a large painting of Venice in the style of Canaletto. This has some signicance for Mr Gobbo, who has spent his political career ghting to resus• citate the Republic of Venice, which nally expired in 1797 after a long illness. Below the painting stands a uorescent• green bear. It’s just like me! exclaims the mayor, a portly man in his 60s. Green is the colour of the Northern League, C ONTENTS a party which has sometimes toyed with the idea of break• 3 The economy ing up Italy and allowing the northern part of the country For ever espresso to go it alone.
  • A Semantic Analysis of Monetary Shamanism: a Case of the BOJ's Governor Haruhiko Kuroda

    A Semantic Analysis of Monetary Shamanism: a Case of the BOJ's Governor Haruhiko Kuroda

    DPRIETI Discussion Paper Series 17-E-011 A Semantic Analysis of Monetary Shamanism: A case of the BOJ's Governor Haruhiko Kuroda KEIDA Masayuki Rissho University TAKEDA Yosuke Sophia University The Research Institute of Economy, Trade and Industry http://www.rieti.go.jp/en/ RIETI Discussion Paper Series 17-E-011 February 2017 A Semantic Analysis of Monetary Shamanism: A case of the BOJ's Governor Haruhiko Kuroda* KEIDA Masayuki TAKEDA Yosuke Rissho University Sophia University Abstract This paper examines whether statistical natural language processing techniques have been useful in analyzing documents on monetary policy. A simple latent semantic analysis shows a relatively good performance in classifying the Bank of Japan (BOJ)’s documents on its governors’ policy and the impact without human reading. Our results also show that Governor Haruhiko Kuroda’s communication strategy changed slightly in 2016 when the BOJ introduced the negative interest rate policy. This change in 2016 is comparable to the one from the transition from Masaaki Shirakawa to Kuroda. In spite of the intention, the BOJ had a misjudgment in the communication strategy. Keywords: Monetary policy, Communication, Latent semantic analysis JEL classification: E52, E58 RIETI Discussion Papers Series aims at widely disseminating research results in the form of professional papers, thereby stimulating lively discussion. The views expressed in the papers are solely those of the author(s), and neither represent those of the organization to which the author(s) belong(s) nor the Research Institute of Economy, Trade and Industry. *This study is conducted as a part of the Project “Sustainable Growth and Macroeconomic Policy” undertaken at Research Institute of Economy, Trade and Industry (RIETI).
  • Russia's 2020 Strategic Economic Goals and the Role of International

    Russia's 2020 Strategic Economic Goals and the Role of International

    Russia’s 2020 Strategic Economic Goals and the Role of International Integration 1800 K Street NW | Washington, DC 20006 Tel: (202) 887-0200 | Fax: (202) 775-3199 E-mail: [email protected] | Web: www.csis.org authors Andrew C. Kuchins Amy Beavin Anna Bryndza project codirectors Andrew C. Kuchins Thomas Gomart july 2008 europe, russia, and the united states ISBN 978-0-89206-547-9 finding a new balance Ë|xHSKITCy065479zv*:+:!:+:! CENTER FOR STRATEGIC & CSIS INTERNATIONAL STUDIES Russia’s 2020 Strategic Economic Goals and the Role of International Integration authors Andrew C. Kuchins Amy Beavin Anna Bryndza project codirectors Andrew C. Kuchins Thomas Gomart july 2008 About CSIS In an era of ever-changing global opportunities and challenges, the Center for Strategic and International Studies (CSIS) provides strategic insights and practical policy solutions to decisionmakers. CSIS conducts research and analysis and develops policy initiatives that look into the future and anticipate change. Founded by David M. Abshire and Admiral Arleigh Burke at the height of the Cold War, CSIS was dedicated to the simple but urgent goal of finding ways for America to survive as a nation and prosper as a people. Since 1962, CSIS has grown to become one of the world’s preeminent public policy institutions. Today, CSIS is a bipartisan, nonprofit organization headquartered in Washington, DC. More than 220 full- time staff and a large network of affiliated scholars focus their expertise on defense and security; on the world’s regions and the unique challenges inherent to them; and on the issues that know no boundary in an increasingly connected world.
  • Global Finance's Central Banker Report Cards 2021

    Global Finance's Central Banker Report Cards 2021

    Global Finance’s Central Banker Report Cards 2021 NEW YORK, September 1, 2021 — Global Finance magazine has released the names of Central Bank Governors who earned “A” or “A-” grades as part of its Central Banker Report Cards 2021. The full Central Banker Report Cards 2021 report and grade list will appear in Global Finance’s October print and digital editions and online at GFMag.com. The Central Banker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of 101 key countries and territories including the European Union, the Eastern Caribbean Central Bank, the Bank of Central African States and the Central Bank of West African States. About Global Finance Grades are based on an “A” to “F” scale for success in areas such as inflation control, economic Global Finance, founded in growth goals, currency stability and interest rate management. (“A” represents an excellent 1987, has a circulation of performance down through “F” for outright failure.) Subjective criteria also apply. 50,000 and readers in 191 countries. Global Finance’s “With the pandemic still surging in many areas, and inflation emerging as a major area of audience includes senior concern once again, the world’s central bankers are confronting multiple challenges from corporate and financial multiple directions,” said Global Finance publisher and editorial director Joseph Giarraputo. officers responsible for making investment and strategic “Global Finance’s annual Central Banker Report Cards show which financial policy leaders are decisions at multinational succeeding in the face of adversity and which are falling behind.” companies and financial The Central Bankers earning an “A” grade in the Global Finance Central Banker Report Card institutions.
  • October 24–26, 2021 2

    October 24–26, 2021 2

    SCIENCE · INNOVATION · POLICIES WORLD HEALTH SUMMIT BERLIN, GERMANY & DIGITAL OCTOBER 24–26, 2021 2 “No-one is safe from COVID-19; “All countries have signed up to Universal no-one is safe until we are all Health Coverage by 2030. But we cannot safe from it. Even those who wait ten years. We need health systems conquer the virus within their that work, before we face an outbreak own borders remain prisoners of something more contagious than within these borders until it is COVID-19; more deadly; or both.” conquered everywhere.” ANTÓNIO GUTERRES Secretary-General, United Nations FRANK-WALTER STEINMEIER Federal President, Germany “We firmly believe that the “All pulling together—this must rights of women and girls be the hallmark of the European are not negotiable.” Health Union. I believe this can NATALIA KANEM be a test case for true global Executive Director, United Nations Population Fund (UNFPA) health compact. The need for leadership is clear and I believe the European Union must as- sume this responsibility.” “The lesson is clear: a strong health URSULA VON DER LEYEN system is a resilient health system. Health President, European Commission systems and preparedness are not only “Governments of countries an investment in the future, they are the that are doing well during foundation of our response today.” the pandemic have not TEDROS ADHANOM GHEBREYESUS Director-General, World Health Organization (WHO) only shown political leader- ship, but also have listened “If we don’t address the concerns and to scientists and followed fears we will not do ourselves a favor. their recommendations.” In the end, it is about how technology SOUMYA SWAMINATHAN Chief Scientist, World Health can be advanced as well as how Organization (WHO) we can make healthcare more human.” BERND MONTAG President and CEO, Siemens Healthineers AG, Germany “The pandemic has brought to light the “Academic collabo ration is importance of digital technologies and in place and is really a how it can radically bridging partnership.
  • OECD, "Seminar on Capital Movements Agenda,"

    OECD, "Seminar on Capital Movements Agenda,"

    PROGRAMME SEMINAR ON OPEN AND ORDERLY CAPITAL MOVEMENTS Does global co-operation matter? 25 October 2016, OECD, Paris Organised by the OECD in co-operation with Germany (Federal Ministry of Finance) as the upcoming G20 Presidency Open and orderly capital movements: does global co-operation matter? An open, transparent and orderly global system of capital flows underpins global growth and stability. In light of the increasingly interconnected global economy, faced with episodes of heightened capital flows volatility, significant value is attached to credible commitment mechanisms to rules-based and co-operative approaches to capital flows that send a positive signal of a predictable policy agenda. This type of framework will help countries maintain markets’ confidence and continue to attract the long-term, high-quality capital needed to support inclusive growth and sustainable development. The OECD Code of Liberalisation of Capital Movements (the Code) provides such a framework. As an instrument that encourages co-operation, it has provided a tried and tested process for global dialogue for over 50 years. The Code is used by the 35 OECD countries, including emerging economies, as well as by non-OECD countries. Four non-OECD countries have applied for adherence since it was opened to all in 2012. It is a living instrument adaptable to countries at different levels of development, through built-in flexibility clauses that allow temporary suspension of liberalisation commitments in times of economic and financial disturbance. Over time, Adherents have developed a body of well-established jurisprudence on the implementation of the Code’s rights and obligations and the conformity of individual country measures.
  • Forty-Third Meeting April 8, 2021

    Forty-Third Meeting April 8, 2021

    INTERNATIONAL MONETARY AND FINANCIAL COMMITTEE Forty-Third Meeting April 8, 2021 Statement No. 43-1 Statement by Mr. Maurer Switzerland On behalf of Republic of Azerbaijan, Republic of Kazakhstan, Kyrgyz Republic, Republic of Poland, Republic of Serbia, Switzerland, Republic of Tajikistan, Turkmenistan, and Republic of Uzbekistan International Monetary and Financial Committee, April 8, 2021 Statement by Mr. Ueli Maurer, Minister of Finance of Switzerland on behalf of Azerbaijan, Kazakhstan, Kyrgyz Republic, Poland, Serbia, Switzerland, Tajikistan, Turkmenistan, and Uzbekistan The Fund’s leadership and advice in the core areas of its mandate continue to play an essential role in navigating these challenging times. Effective international cooperation as well as decisive steps on the part of members will be key for tackling divergence and moving swiftly to a sustainable path for global growth. As vaccines are rolled out and the economic outlook improves, exceptional measures will have to be rolled back in a timely and gradual manner to make way for more sustainable policies that support growth in the medium- to long-term. Global setting and policy priorities The global economic outlook has improved recently, with progress in vaccinations and the announcement of significant additional fiscal support in several major economies. While the recovery should gain momentum during 2021, its speed is still highly uncertain. Risks abound, reflecting foremost the need to deal with new virus strains, structural rigidities, as well as preexisting vulnerabilities, notably high public and corporate debt levels. In this context, policy support needs close monitoring to make sure that it is effective and targeted to specific objectives and needs.