The French Development Agency ( French : Agence française de développement , AFD ) is a public financial institution that implements France's development and international solidarity policies. It works to fight poverty and promote sustainable development. This public institution is active in Africa, Asia, the Middle East, Latin America, the Caribbean, and the French overseas territories, where it finances and supports projects that improve living conditions for populations, promote economic growth and protect the planet.
74-592: In 2023, AFD earmarked €11.3 billion to finance projects in developing countries and the French overseas territories. This development assistance represented 0.55% of France's GDP in 2023. According to the OECD , France is in the global Top 5 for providers of official development assistance (ODA) in volume, with a strong focus on Africa. Its headquarters is located in Paris. Its teams are based in Paris, Marseille, and in
148-725: A country . The OECD also created agencies such as the OECD Development Centre (1961), International Energy Agency (IEA, 1974), and Financial Action Task Force on Money Laundering . The aims of the OECD are stated in Article 1 of the Convention as: Unlike the United Nations' "Organizations," OECD uses the spelling "Organisation" with an "s" in its name, together with a hyphenated "Co-operation". Following
222-598: A cumbersome task. Following several (occasionally unruly) meetings at the Hotel Majestic in Paris, which began in January 1960, a resolution was reached to create a body that would not only solve European and Atlantic economic issues, but also devise policies that could assist less developed countries. This reconstituted organisation would bring the US and Canada, who were already OEEC observers, on board as full members, and
296-654: A discussion on a broad spectrum of thematic issues relevant to the OECD charter, member countries, and non-member countries. Noteworthy meetings include: Exchanges between OECD governments benefit from the information, analysis, and preparation of the OECD Secretariat. The secretariat collects data, monitors trends, and analyses and forecasts economic developments. Under the direction and guidance of member governments, it also researches social changes or evolving patterns in trade, environment, education, agriculture, technology, taxation and other areas. The secretariat
370-501: A framework for negotiations aimed at setting up a European Free Trade Area , to bring the EEC's Inner Six and other OEEC members together on a multilateral basis. In 1958, a European Nuclear Energy Agency was set up in response to Euratom. By this time, some leading countries felt that the OEEC had outlived its purpose but could be adapted to fulfil a more global mission, which proved to be
444-642: A long term-vision and a certain lack of scope. However, the Minister's remarks did not gain wide consensus among the development community. According to the Cameroon National Anti-corruption Commission (CONAC), two front companies, including one controlled by AFD, have been suspected of fraud. In December 2013, CONAC presented its 2012 activity report in Yaoundé, indicating that over CFA 113bn had been misappropriated from
518-665: A member of the Organisation through the letter addressed by Romanian Prime Minister Victor Ponta to OECD Secretary-General José Ángel Gurría . In September 2012, the government of Bulgaria confirmed it would apply for membership before the OECD Secretariat. The OECD established a working group headed by ambassador Seiichiro Noboru to work out a plan for the enlargement with non-members. The working group defined four criteria that must be fulfilled: "like-mindedness", "significant player", "mutual benefit" and "global considerations." The working group's recommendations were presented at
592-461: A member on 28 April 2020. On 15 May 2020, the OECD decided to extend a formal invitation for Costa Rica to join the OECD, which joined as a member on 25 May 2021. Other countries that have expressed interest in OECD membership are Argentina , Brazil , Croatia , Malaysia and Peru . In January 2022, the OECD reported that membership talks were underway with Argentina , Brazil , Bulgaria , Croatia , Peru and Romania . In March 2022,
666-536: A membership option for these countries. As a result of this, Poland , Hungary , the Czech Republic and Slovakia , as well as South Korea and Mexico , became members of the OECD between 1996 and 2000. East Germany joined on 3 October 1990 through reunification with West Germany. In the 1990s, several European countries, now members of the European Union, expressed their willingness to join
740-523: A network of 72 agencies and representations abroad and in the French overseas territories. AFD is the descendant of the Caisse Centrale de la France Libre (Central Fund for Free France) created by an ordinance of Charles de Gaulle on December 2, 1941 in London. The fund's role was limited to a note-issuing bank and public treasury institution. The ordinance of 2 December 1941 gave the fund
814-854: A positive impact on the climate. AFD, via the projects it finances and several initiatives, is gearing up for the 21st Conference of the Parties (COP21) to the United Nations Framework Convention on Climate Change (UNFCCC). For example, with the GoodPlanet Foundation , it is putting on a photo exhibition “60 SOLUTIONS Against Climate Change”, which presents concrete, innovative and effective initiatives in four sectors that combine climate change and economic development., AFD has been working for over sixty years to promote development in Southern countries and
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#1732765401008888-431: A specialized credit institution, AFD is subject to banking law, particularly in the field of risk sharing. AFD is a public financial institution. The Government has entrusted it with the role of the main operator for France's cooperation policy. It thereby combines the functions of development bank and implementing agency for France's Official Development Assistance policy. AFD has a contract of objectives and policies with
962-406: A very high Human Development Index . As of 2024 their collective population is 1.38 billion people with an average life expectancy of 80 years and a median age of 40, against a global average of 30. As of 2017 , OECD Member countries collectively comprised 62.2% of global nominal GDP ( USD 49.6 trillion) and 42.8% of global GDP ( Int$ 54.2 trillion) at purchasing power parity . The OECD
1036-536: Is an intergovernmental organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade . It is a forum whose member countries describe themselves as committed to democracy and the market economy , providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are generally regarded as developed countries , with high-income economies , and
1110-842: Is an embarcadero with fast river boats for faster liaisons to other government agencies. It is also served by Paris Métro lines 6 and 14 at Bercy station . The 5-hectare complex is made of five buildings: Sully and Turgot buildings (both occupied by the Directorate-General of the Taxes), the Necker building (along the railways), the Vauban building, and the Colbert building (housing the Ministries). The Colbert building contains two 70-meter long arches weighting 8000 tons each (weight of
1184-588: Is an official United Nations observer . OECD nations have strong social security systems ; their average social welfare spending stood at roughly 21% of GDP. The OECD's headquarters are at the Château de la Muette in Paris , France, which housed its predecessor organization, the Organization for European Economic Co-operation. The OECD is funded by contributions from member countries at varying rates and
1258-778: Is based in Marseille and offers training for partners from the South in order to contribute to building their capacities. It also acts as a platform for the dissemination of AFD's expertise towards its partners. AFD handles the secretariat and financial management of the French Facility for Global Environment (FFEM), a bilateral public fund set up by the French Government in 1994. It is a financial instrument for France's cooperation and development policy dedicated to environmental protection and sustainable development. It
1332-583: Is coordinated by five ministries ( Economy and Finance , Foreign Affairs , Sustainable Development , Research , Agriculture ) and AFD. In 2007, AFD was called into question for its support for French companies suspected of contributing to deforestation in Central Africa. However, no legal proceedings were brought against AFD. AFD has strict procedures during project appraisal for impact control and measurement in terms of social and environmental responsibility. It has provided EUR 900,000 of financing to
1406-457: Is one of the most important ministries in the Government of France . Its minister is one of the most prominent cabinet members after the prime minister . The name of the ministry has changed over time; it has included the terms "economics", "industry", "finance" and "employment" throughout its history. The Minister of Economics and Finance oversees: The officeholder, who has authority on
1480-691: Is organised in directorates: The head of the OECD Secretariat and chair of the OECD Council is the Secretary-General. Secretary-General selections are made by consensus , meaning all member states must agree on a candidate. Representatives of member and observer countries meet in specialised committees on specific policy areas, such as economics, trade, science, employment, education, development assistance or financial markets. There are about 200 committees, working groups and expert groups. Committees discuss policies and review progress in
1554-556: Is recognised as a highly influential publisher of mostly economic data through publications as well as annual evaluations and rankings of member countries. The OECD is the successor organization to the Organisation for European Economic Co-operation (OEEC) , established in April 1948 among the European recipients of Marshall Plan aid for the reconstruction of Europe after World War II . Only Western European states were members of
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#17327654010081628-762: The Institut d'Emission des Départements d'Outre-mer (IEDOM – Note-Issuing Bank for the French Overseas Departments), which was set up in 1959, and the Institut d'Emission d'Outre-mer (IEOM - Note-Issuing Bank for the French Overseas Territories), which was set up in 1967. CCCE became Caisse Française de Développement (CFD – French Development Fund) in 1992. Finally, with the reform of French cooperation in 1998, CFD became Agence Française de Développement (AFD –
1702-593: The Eiffel Tower ). It is the only administrative building in Paris to have been built at a perpendicular angle against the Seine, and the only one that has part of its foundations in the Seine's water. The saying "the Bercy Fortress" (French: la forteresse de Bercy ) refers to the ministry as a dark department with obscure civil servants, especially of high rank. This is emphasised by the impressive look of
1776-619: The French overseas territories . It became the Caisse Centrale de la France d'Outre-mer (CCFOM – Central Fund for the French Overseas Territories) on February 2, 1944. It did, however, maintain its role as a note-issuing bank. Following the independence of a number of French colonies, CCFOM changed its name to Caisse Centrale de Coopération Economique (CCCE – Central Fund for Economic Cooperation) in 1958. Its monetary mandates were gradually taken over by two public institutions,
1850-614: The Millennium Development Goals , at the intersection of the objectives of economic growth, poverty reduction and environmental conservation. A wide range of financial and technical instruments meet the different needs of countries: grants, guarantees, equity investments, subsidized loans, loans on market terms and technical assistance. It develops financial and intellectual partnerships with other donors and contributes, in conjunction with its supervisory authorities, to public policymaking and to France's influence in
1924-683: The Revolutions of 1989 , the OECD began assisting countries in and Eastern Europe (especially the Visegrád Group ) to prepare market economy reforms. In 1990, the Centre for Co-operation with European Economies in Transition (now succeeded by the Centre for Cooperation with Non-Members) was established, and in 1991, the programme, "Partners in Transition", was launched to offer a partnership to Czechoslovakia , Hungary and Poland, including
1998-782: The UNESCO World Heritage Sites list. Since 1946, AFD has had a public service mandate to provide a reference public service provision for credit and social housing. In 2014, overseas France accounted for 19% of AFD's activity, i.e. EUR 1.55bn. AFD conducts several types of action in overseas France. Its activities are based on the following areas: financing and assisting public policies, advisory services for local authorities, promoting business competitiveness and job creation, supporting regional integration and action for sustainable development. This involves financing and supporting projects that improve living conditions for populations and promote economic growth, while preserving
2072-716: The 1960s to the end of the 1990s was also described in the memoirs titled “the Bank of Japan and the OECD: Recollections and Reflections”, written in Japanese by Kumiharu Shigehara and published in December 2019. In his letter of 5 February 2019, Donald Johnston, OECD Secretary-General (1996-2006), noted that Shigehara's "book is very important for the OECD where there is little living institutional memory". The English edition of Shigehara's memoirs titled The Bank of Japan,
2146-579: The 2000s. This drive for knowledge production is based on the organization of seminars and conferences, training given by CEFEB, a studies and research program, and the establishment of partnerships with academic and research institutes. AFD also offers a number of publications on developing countries and the French overseas territories: All this contributes to improving knowledge of the Official Development Assistance policy: “its rationale, its effectiveness, its interactions with
2220-551: The AAA rating, the highest for long-term issuances, given to AFD by the international rating agencies –, their investment policies or programs when markets are unable to meet their needs. In 2013, Anne Paugam took over from Dov Zerah as CEO. She is the first woman to head AFD. In 2014, The Act on Development and International Solidarity recognized the importance of the work conducted by AFD towards France's international commitments. In 2015, Gaël Giraud became AFD's Chief Economist. As
2294-586: The Central Africa Forest Commission (COMIFAC), which is responsible for guiding, coordinating, harmonizing and taking decisions in terms of the conservation and sustainable management of forest ecosystems. Mr. Joyandet, French Secretary of State for Cooperation and Francophonie from March 2008 to July 2010, criticized the Chief Executive Officer at the time, Mr. Severino, for AFD's emergency-oriented approach, without
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2368-629: The Colbert, Necker and Vauban buildings. Louis Arretche and Roman Karasinski were selected in July 1983 to design the Tugot and Sully buildings. Construction started in 1984. In 1989, the Ministry's employees left the Louvre to move into the new building. Pierre Bérégovoy was the first finance minister to work in the new building. Bruno Le Maire has been Minister of Economics and Finance since 2017. In
2442-617: The Declaration. The OECD publishes books, reports, statistics, working papers, and reference materials. All titles and databases published since 1998 can be accessed via OECD iLibrary . The OECD Library & Archives collection dates from 1947, including records from the Committee for European Economic Co-operation (CEEC) and the Organisation for European Economic Co-operation (OEEC), predecessors of today's OECD. External researchers can consult OECD publications and archival material on
2516-545: The French Development Agency) and the main operator for French development assistance. In addition to a marked increase in its financing, between 2001 and 2010, there was a diversification in the financial instruments used by AFD: grants, of course, but also highly “concessional” loans or loans without interest subsidies, investment funds, guarantee funds and partnerships. AFD can provide loan recipients with liquidity to finance, at attractive rates – due to
2590-452: The French overseas territories. It is active in the field in over 90 countries, where it finances and supports projects that improve living conditions for populations, promote economic growth and protect the planet: getting children into school, assisting farmers, financing small businesses, water supply, tropical forest conservation, combating climate change ... AFD's strategy is guided by sustainable development. Its operations are in line with
2664-643: The French president, which was held in November 2009. Its board of directors comprises a chairperson and 16 members appointed by a decree, including 6 representatives of the State: Ministry of the Economy , Industry and Digital Affairs , Ministry of Foreign Affairs and International Development , Ministry of the Interior , Ministry of Overseas France . The French Development Agency (AFD) implements
2738-507: The G20. It is not certain when the proposals will be implemented. All the major economies agreed to pass national laws that would require corporations to pay at least 15% income tax in the countries they operate. This new policy would end the practice of locating world headquarters in small countries with very low taxation rates. Governments hope to recoup some of the lost revenue, estimated at $ 100 billion to $ 240 billion each year. The new system
2812-466: The OECD Convention after September 1961, but are nevertheless considered founding members. The official founding members are the following: Japan became a member in 1964, and over the following decade, Finland , Australia , and New Zealand also joined the organisation. Yugoslavia had observer status in the organisation, starting with the establishment of the OECD, until its dissolution as
2886-584: The OECD Ministerial Council Meeting on 13 May 2004, and on 16 May 2007, the OECD Ministerial Council decided to open accession discussions with Chile , Estonia , Israel , Russia , and Slovenia , and to strengthen cooperation with Brazil , China , India , Indonesia , and South Africa through a process of enhanced engagement. Chile, Slovenia, Israel, and Estonia all became members in 2010. In March 2014,
2960-549: The OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, a Model Tax Convention and country-by-country reporting rules. The OECD publishes and updates a model tax convention that serves as a template for allocating taxation rights between countries. This model is accompanied by a set of commentaries that reflect OECD-level interpretation of the content of the model convention provisions. In general, this model allocates
3034-476: The OECD announced that it "has transitioned to [an] open-access information model" and that Creative Commons CC‑BY‑4.0 attribution licenses will be used on all data and publications. There are 15 working papers series published by the various directorates of the OECD Secretariat. They are available on iLibrary, as well as on many specialised portals. The OECD is responsible for the OECD Guidelines for
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3108-415: The OECD halted membership talks with Russia in response to its role in the 2014 Annexation of Crimea . In 2013, the OECD decided to open membership talks with Colombia and Latvia . In 2015, the Organisation opened talks with Costa Rica and Lithuania . Latvia became a member on 1 July 2016, and Lithuania soon followed on 5 July 2018. Colombia signed the accession agreement on 30 May 2018 and became
3182-473: The OECD premises by appointment. The OECD releases about 600 books and over 400 papers yearly on topics spanning public policy. The publications are updated to the OECD iLibrary. Most books are published in English and French. The OECD flagship titles include: All OECD books are available on the OECD iLibrary, the online bookshop or OECD Library & Archives. OECD Observer , an award-winning magazine,
3256-514: The OECD suspended the participation of Russia and Belarus due to the ongoing 2022 Russian invasion of Ukraine . In June 2022, during the annual OECD Ministerial Council Meeting, the Roadmaps for the Accession to the OECD Convention for Brazil , Bulgaria , Croatia , Peru and Romania were adopted. The OECD sets the rules governing international taxation for multinationals through
3330-579: The OECD, and Beyond was published by Palgrave Macmillan in September 2024. The OECD is known as a statistical agency , as it publishes comparable statistics on numerous subjects. In July 2014, the OECD publicly released its main statistical databases through the OECD Data Portal, an online platform that allows visitors to create custom charts based on official OECD indicators. OECD statistics are available in several forms: In July 2024,
3404-527: The OECD: Minister of the Economy, Finances and Industry (France) 48°50′21″N 2°22′33″E / 48.83917°N 2.37583°E / 48.83917; 2.37583 The Ministry of Economics, Finance and Industrial and Digital Sovereignty ( French : Ministère de l'Économie, des Finances et de la Souveraineté industrielle et numérique , pronounced [ministɛʁ d(ə) lekɔnɔmi e definɑ̃s] ), informally referred to as Bercy ,
3478-520: The OEEC would set to work straight away on convincing Japan to join the organisation. The Convention on the Organisation for Economic Co-operation and Development was signed on 14 December 1960, and the OECD officially superseded the OEEC in September 1961, consisting of the European founder countries of the OEEC, with the additions of the United States and Canada. Three countries, (Netherlands, Luxembourg, and Italy)—all OEEC members—ratified
3552-624: The OEEC, whose primary function was the allocation of American aid. Its Secretaries-General were the Frenchmen Robert Marjolin (1948–1955) and René Sergent (1955–1960). It was headquartered in the Château de la Muette in Paris. Following the end of Marshall aid in 1952, the OEEC focused on economic issues. Its coordinating role was challenged after the 1957 Rome Treaties establishing the European Economic Community and Euratom . The OEEC provided
3626-541: The Organisation. In 1995, Cyprus applied for membership, but according to the Cypriot government, it was vetoed by Turkey . In 1996, Estonia , Latvia , and Lithuania signed a Joint Declaration expressing willingness to become members of the OECD, and Slovenia also applied for membership that same year. In 2005, Malta applied to join the Organisation. The EU is lobbying for the admission of all EU member states . Romania reaffirmed in 2012 its intention to become
3700-628: The Testing of Chemicals , a continuously updated document that is a de facto standard (i.e., soft law). It published the OECD Environmental Outlook to 2030 in March 2008, which argues that tackling key environmental problems—including climate change , biodiversity loss , water scarcity , and the health impacts of pollution —is both achievable and affordable. In 2020, the inaugural University Press Redux Sustainability Award
3774-478: The achievement of the Millennium Development Goals (MDGs) in emerging and developing countries. It provides financing tailored to the specific needs of investors in the productive sector, financial systems, infrastructure and private equity. PROPARCO is jointly held by AFD (59.04%) and private shareholders from the North and South. The Center for Economic and Banking Studies (CEFEB) is AFD's training institute. It
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#17327654010083848-522: The building. During the Grands Projets of François Mitterrand , it was decided that the Ministry of Finance would leave the Louvre 's Richelieu wing where it had been located for 110 years. Forty other offices of the Ministry spread around the capital would be reunited in the new building. After an architectural contest, Paul Chemetov and Borja Huidobro were selected in December 1982 to design
3922-435: The cost borne by the member countries, such as sending their officials to OECD meetings and maintaining permanent delegations, is equivalent to the cost of running the secretariat. This ratio is unique among inter-governmental organisations. In other words, the OECD is more a persistent forum or network of officials and experts than an administration. The OECD regularly holds minister-level meetings and forums as platforms for
3996-716: The cotton development company (SODECOTON) between 2002 and 2011. In December 2021, created under the name Caisse centrale de la France libre in 1941, the public financial institution could change its name again in the coming months, 80 years after its launch. Or a project in the process of reflection, which also includes an overhaul of its operation and its development policy, which "appear unsuitable in relation to our experience", according to its director Rémy Rioux. Marketplace on Innovative Financial Solutions for Development OECD The Organisation for Economic Co-operation and Development ( OECD ; French : Organisation de coopération et de développement économiques, OCDE )
4070-404: The development sphere. In Latin America and the Caribbean , AFD promotes sustainable and equitable development through green and inclusive growth. There are a number of projects to fight climate change, for urban development, as well as projects to promote social convergence. Sub-Saharan Africa is the priority region for France's public development policy. In 2014, AFD invested EUR 2.95bn in
4144-473: The energy, transport and telecommunications sectors in rural and urban areas. For 2014, the breakdown for commitments by sector is as follows: AFD also operates in emerging countries for issues related to the protection of the environment and energy management. In a crosscutting manner to these sectors, in 2014, AFD earmarked 53% of its international activity for the fight against climate change, i.e. EUR 2.8bn, which financed development projects that also have
4218-452: The environment. Thanks to its financing, its expertise and its knowledge production, it assists the local public sector, finances companies, housing and urban development, and supports regional cooperation. It fulfills this mandate through nine agencies throughout the overseas territories: French Guiana , French Polynesia , Guadeloupe , Martinique , Mayotte , New Caledonia , Réunion , Saint Pierre and Miquelon , Wallis and Futuna . In
4292-400: The environmental footprint of cities or contribute to regional convergence. AFD supports the region's political and economic transition, with a focus on promoting Euro-Mediterranean integration, territorial development and job creation. The AFD also funds restoration works, such as that of the Saint Hilarion monastery which the AFD funded in order to have the Byzantine-era site inscribed in
4366-402: The financial assets of the state, the financial and economic national system and the taxation rules overall, also represents France in the Economic and Financial Affairs Council (ECOFIN). The Ministry of Economics and Finance is situated in Bercy , in the 12th arrondissement of Paris . The building it shares with the Ministry of Public Action and Accounts extends to the Seine , where there
4440-434: The first time in Kumiharu Shigehara, “Multilateral Surveillance: What the OECD can offer?” (the 1996 Global Finance Lecture, the University of Birmingham, 1996; OECD publication, Paris, 1996) at a time when Shigehara was OECD Chief Economist and Head of Economics Department (1992–1997); he was subsequently OECD Deputy Secretary-General (1997–1999). It was also discussed in: The history of OECD multilateral surveillance from
4514-429: The given policy area. OECD has a number of specialised bodies: OECD decisions are made through voting, which requires unanimity among all of those voting. Each member country has one vote. However, dissenting members which do not wish to block a decision but merely to signal their disapproval can abstain from voting. 22 of the OECD member countries are also EU member states. As of May 2021 there are 38 members of
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#17327654010084588-421: The other (such as between OECD and non-OECD pairings). Additionally, the OECD has published and updated the Transfer Pricing Guidelines since 1995. The Transfer Pricing Guidelines serve as a template for the profit allocation of inter-company transactions to countries. The latest version, of July 2017, incorporates the approved Actions developed under the Base Erosion and Profit Shifting (BEPS) project initiated by
4662-437: The other public policies, its role in the management of globalization” AFD's aim is to become an internationally recognized research center, both in terms of sustainable development and global public goods, and the design of innovative financing instruments. PROPARCO is an AFD subsidiary set up in 1977. It is a development finance institution with a mandate to promote private investments for growth, sustainable development and
4736-562: The overseas departments (DOM), in Saint Martin , Saint Barthélemy and Saint Pierre and Miquelon , AFD also represents the public investment bank Bpifrance , which finances the creation, innovation, investments and international development of French SMEs. AFD is the reference shareholder in seven social housing companies (Simar in Martinique, Sic in New Caledonia, Sig in Guadeloupe, SIDR in Réunion, Siguy and Simko in French Guiana and Sim in Mayotte). These property companies promote, manage and build social housing. Finally, it provides part of
4810-647: The policy defined by the French Government. It works to combat poverty and promote sustainable development. It achieves this by financing and supporting projects that improve living conditions for populations, promote economic growth and protect the planet. In 2014, AFD allocated EUR 8.1bn to finance projects, including EUR 6.35bn in developing countries and EUR 1.55bn for overseas France. In 2014, AFD allocated some EUR 767m to education and health and invested over EUR 633m in water and sanitation programs. Projects related to territorial development benefited from over EUR 4bn, i.e. almost half AFD's commitments, with projects in
4884-423: The primary right to tax to the country from which capital investment originates (i.e., the home, or resident country) rather than the country in which the investment is made (the host, or source country). As a result, it is most effective between two countries with reciprocal investment flows (such as among the OECD member countries), but can be unbalanced when one of the signatory countries is economically weaker than
4958-403: The region, i.e. 36.5% of its total financing. Among the many projects, a number focus on promoting access to essential services, the growth of sustainable cities, the development of infrastructure, family farming and job-creating enterprises, as well as on the preservation of natural resources. In Asia , AFD works to promote environmental and regional balances, with a focus on projects that limit
5032-401: The responsibility for “issuing and taking charge of banknotes in the territories of Free France”, as well as for foreign exchange controls (ordinance of 24 July 1942). Just before the end of the Second World War , Pierre Mendès France , the Minister of Finance decided to change the function of the fund by giving it the responsibility of financing for the economic and social development of
5106-407: The staff of the note-issuing banks, Institut d'Emission d'Outre-mer and Institut d'Emission des Départements d'Outre-mer. Knowledge production is a major activity for AFD and aims to contribute to the definition of the public policies of France and its partners. It has become an essential complement to the financial and technical tools. AFD's knowledge production started to play an important role in
5180-401: The state and implements the orientations defined by the Inter-ministerial Committee for International Cooperation and Development (CICID), chaired by the Prime Minister. In overseas France, AFD conducts a policy, on behalf of the state, to support public authorities and finance the economy. This mandate was reaffirmed during the first Inter-ministerial Committee for Overseas France, chaired by
5254-539: Was given to OECD by the Association of Learned and Professional Society Publishers (ALPSP) and Cambridge University Press . The award recognized the development of the SDG Pathfinder, an open-access digital discovery tool for finding content and data relating to the Sustainable Development Goals (SDGs). The OECD's structure consists of three main elements: Delegates from the member countries attend committee and other meetings. Former Deputy Secretary-General Pierre Vinde [ sv ] estimated in 1997 that
5328-457: Was introduced in Q2 2013. The OECD Observer was last issued in the fourth quarter of 2019, with a double edition looking ahead at artificial intelligence, and a cover leading on why statistical offices should hire a comedian. The OECD Observer website closed in the first quarter of 2021; the archive can be consulted at www.oecd.org. The OECD's multilateral surveillance was systematically reviewed for
5402-478: Was launched in 1962. The magazine appeared six times a year until 2010, and became quarterly in 2011 with the introduction of the OECD Yearbook , launched for the 50th anniversary of the organisation. The online and mobile editions contained news, analysis, reviews, commentaries and data on global economic, social and environmental challenges and listings of the latest OECD books. An OECD Observer Crossword
5476-752: Was promoted by the Biden Administration in the United States and the OECD. Secretary-General Mathias Cormann of the OECD said, "This historic package will ensure that large multinational companies pay their fair share of tax everywhere." The OECD Guidelines for Multinational Enterprises are a set of legally non-binding guidelines attached as an annex to the OECD Declaration on International Investment and Multinational Enterprises. They are recommendations providing principles and standards for responsible business conduct for multinational corporations operating in or from countries adhering to
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