Monday, January 07, 2008

World Bank to step up co-operation on sustainable growth, climate change, innovation and other topics


The Organisation for Economic Co-operation and Development (OECD) and the World Bank have agreed to step up their co-operation in a number of key areas, including efforts to promote sustainable and inclusive growth in emerging economies, the economics of climate change, aid for trade, innovation and the design of comprehensive country frameworks for investment.

The announcement follows a meeting of senior officials in Washington D.C. on 5-6 December 2007, including at a joint OECD-World Bank seminar on "Sustainable and Inclusive Development: Going for Growth" with the participation of OECD Secretary-General Angel Gurría and World Bank President Robert B. Zoellick.

The objective of the co-operation, Mr. Gurría said, is "to help countries benefit from and tackle the challenges of globalization. Achieving an equal and inclusive distribution of benefits calls for appropriate policies at the national and global levels."

See full Press Release.