Responding to the crisis: what are OECD countries doing to strengthen their public finances?

OECD countries are intensifying their fiscal consolidation efforts, introducing additional measures and extending the time horizon to implement them. Most have announced fiscal consolidation of more than 3% of GDP over the period 2009-15, according to the OECD’s Restoring Public Finances 2012.

Sustainable Materials Management: Making Better Use of Resources

Worldwide, 62 billion tons of natural resources – minerals, wood, metals, fossil and biomass fuels, and construction material – are extracted. On average, that’s almost 10 tons for every person on the earth. Of that, about one fifth ends up as waste and must be reused, recycled or disposed of in a way that is safe for people and the environment.

Spain has embarked on the path to recovery, but must continue with reforms, OECD says

Spain is immersed in a prolonged recession that has been compounded by the continuing crisis in the euro area. The path to recovery has been launched, but will require full implementation of reforms and some additional measures to restore confidence in the financial sector, redress public finances and bring down high unemployment, according to the OECD’s latest Economic Survey of Spain.

Progress made on immigrant integration but more efforts needed on education and jobs, finds OECD

OECD countries have made much progress over the past decade in helping immigrants integrate in society. But much remains to be done, notably in improving how well immigrant children do at school and in finding work, and in immigrant women’s access to employment, according to a new OECD report.

Luxembourg: a generous aid donor

Luxembourg allocated 0.97% of its gross national income, or USD 413 million, to official development assistance in 2011.“Luxembourg is the Development Assistance Committee’ s third most generous donor as a portion of its economy – after Sweden and Norway – and it has a high quality programme” says Brian Atwood, Chair of the DAC. “We commend Luxembourg’s commitment to keeping its ODA at 1% of GNI until 2014”.