The document summarizes the G20's historical agenda on reducing the cost of remittances. It outlines key commitments and actions taken between 2009-2015, including establishing targets to reduce average costs from 10% to 5% by 2014. It also describes the creation of the Global Remittances Working Group and efforts to monitor costs through the Remittance Prices Worldwide database. Peer support groups were established in 2015 to facilitate sharing of draft country plans and improving transparency, competition, and use of new technologies to reduce remittance costs.
PPPs and Public Works - Grazia Sgarra, Giovanni Coletta, Giovanni Rizzo, ItalyOECD Governance
Presentation made by Grazia Sgarra, Giovanni Coletta, Giovanni Rizzo, Ministry of Economy and Finance, Italy, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Project on Connectivity Infrastructure to Enhance Productivity and GVCs - Fer...OECD Governance
Presentation made by Fernando Mistura, Investment Division, DAF, OECD, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Aligning Sponsor and Investor Interests in P3s - Alternative Risk and Profit...OECD Governance
Presentation made by Elaine Buckberg, US Treasury Department, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
PPPs and Public Works - Grazia Sgarra, Giovanni Coletta, Giovanni Rizzo, ItalyOECD Governance
Presentation made by Grazia Sgarra, Giovanni Coletta, Giovanni Rizzo, Ministry of Economy and Finance, Italy, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Project on Connectivity Infrastructure to Enhance Productivity and GVCs - Fer...OECD Governance
Presentation made by Fernando Mistura, Investment Division, DAF, OECD, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
Aligning Sponsor and Investor Interests in P3s - Alternative Risk and Profit...OECD Governance
Presentation made by Elaine Buckberg, US Treasury Department, at the 9th annual network meeting of Senior Infrastructure & PPP Officials held at the OECD, Paris, on 1 March 2016
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
This presentation was held during the 5th GIB Summit, May 27-28 2015.
The presentation and more information on the Global Infrastructure Basel Foundation are available on www.gib-foundation.org
Sustainable funding of infrastructure projects - Andrew JAGGERS, AustraliaOECD Governance
This presentation was made by Andrew JAGGERS, Australia, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
PPP for regional development - Lisa MITCHELL, CanadaOECD Governance
This presentation was made by Lisa MITCHELL, Canada, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
The governance of mega infrastructure projects - Juliane JANSEN, OECD Secreta...OECD Governance
This presentation was made by Juliane JANSEN, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP & Infrastructure Officials held at the OECD, Paris, on 27 March 2018
PPP for regional development - Lee MIZELL, ConsultantOECD Governance
This presentation was made by Lee MIZELL, consultant, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Flyer: The Changing Global Landscape of International Tax Co-operationOECDtax
Flyer OECD/UNDESA Side Event 2017 FfD Forum
A panel of senior experts will discuss the progress made by the UN and the OECD since the Addis call for more inclusiveness, both in terms of institutional arrangements and policy guidance, to support developing countries in coping with the challenges posed by international tax avoidance and evasion.
Prioritisation and selection of public investment projects - Seungwook LEE, ...OECD Governance
This presentation was made by Seungwook LEE, Korea, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Investment in infrastructure has become a central source of worry in Nigeria. The new government envisage that about $25b will be needed annually to finance critical infrastructure like Railways of the railways project envisage. One critical corridor is the one that links the sea ports to the hinterland. Portharcourt- Calabar- Warri Lagos axis.
How can it be funded in the face of dwindling public revenue?
An attempt is hereby printed for further inputs/refinements by colleagues.
United Nations Permanent Representatives of Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States Visit
Washington, DC, USA
January 2017
The BEPS Project and Developing Countries - From Consultation to ParticipationOECDtax
Taxation plays a central role in promoting sustainable development, and developing countries face significant challenges in developing their tax capacities and mobilising domestic resources. Engagement of developing countries in the international tax agenda, including on BEPS, is therefore important, in particular to ensure they receive appropriate support to address the specific challenges they face.
More information: www.oecd.org/tax/developing-countries-and-beps.htm
Sustainable funding of infrastructure projects - Raffalele DELLA CROCHE, OECD...OECD Governance
This presentation was made by Raffaele DELLA CROCHE, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Sustainable funding of infrastructure projects - Andrew JAGGERS, AustraliaOECD Governance
This presentation was made by Andrew JAGGERS, Australia, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
PPP for regional development - Lisa MITCHELL, CanadaOECD Governance
This presentation was made by Lisa MITCHELL, Canada, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
The governance of mega infrastructure projects - Juliane JANSEN, OECD Secreta...OECD Governance
This presentation was made by Juliane JANSEN, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP & Infrastructure Officials held at the OECD, Paris, on 27 March 2018
PPP for regional development - Lee MIZELL, ConsultantOECD Governance
This presentation was made by Lee MIZELL, consultant, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Flyer: The Changing Global Landscape of International Tax Co-operationOECDtax
Flyer OECD/UNDESA Side Event 2017 FfD Forum
A panel of senior experts will discuss the progress made by the UN and the OECD since the Addis call for more inclusiveness, both in terms of institutional arrangements and policy guidance, to support developing countries in coping with the challenges posed by international tax avoidance and evasion.
Prioritisation and selection of public investment projects - Seungwook LEE, ...OECD Governance
This presentation was made by Seungwook LEE, Korea, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Investment in infrastructure has become a central source of worry in Nigeria. The new government envisage that about $25b will be needed annually to finance critical infrastructure like Railways of the railways project envisage. One critical corridor is the one that links the sea ports to the hinterland. Portharcourt- Calabar- Warri Lagos axis.
How can it be funded in the face of dwindling public revenue?
An attempt is hereby printed for further inputs/refinements by colleagues.
United Nations Permanent Representatives of Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States Visit
Washington, DC, USA
January 2017
The BEPS Project and Developing Countries - From Consultation to ParticipationOECDtax
Taxation plays a central role in promoting sustainable development, and developing countries face significant challenges in developing their tax capacities and mobilising domestic resources. Engagement of developing countries in the international tax agenda, including on BEPS, is therefore important, in particular to ensure they receive appropriate support to address the specific challenges they face.
More information: www.oecd.org/tax/developing-countries-and-beps.htm
Sustainable funding of infrastructure projects - Raffalele DELLA CROCHE, OECD...OECD Governance
This presentation was made by Raffaele DELLA CROCHE, OECD Secretariat, at the 11th Annual Meeting of the OECD Network of Senior PPP and Infrastructure Officials held at the OECD, Paris, on 27 March 2018
Как делегировать разработку фирменного стиля?, Как правильно выбрать подрядчика, которому вы сможете доверять, выстроить максимально комфортное и продуктивное взаимодействие?
Citizens' budgets - Anna BELENCHUK, Russian FederationOECD Governance
This presentation was made by Anna BELENCHUK, Russian Federation, at the 13th Annual meeting of OECD-CESEE Senior Budget Officials held in Paris on 6-7 July 2017
MYANMAR EXTRACTIVE INDUSTRY TRANSPARENCY INITIATIVE-MEITI UPDATE 2018MYO AUNG Myanmar
MYANMAR EXTRACTIVE INDUSTRY TRANSPARENCY INITIATIVE-MEITI UPDATE 2018
The Extractive Industries Transparency Initiative (EITI) is a global standard for transparency and accountability in the oil, gas and mining industries.
https://myanmareiti.org/sites/myanmareiti.org/files/publication_docs/notification_meiti_as_a_mainstreaming.pdf
Cooperation in the implementation of Myanmar Extractive Industry
Transparency Initiative-MEITI process by the respective Union
Ministries, Union Level Organizations and State or Regional
Government Organizations sustainably
Join senior members of the OECD's Centre for Tax Policy and Administration (CTPA) comment on the recent publication of the first steps toward implementation of OECD/G20 efforts against tax avoidance by multinationals. OECD and G20 countries have agreed three key elements that will enable implementation of the BEPS Project:
- a mandate to launch negotiations on a multilateral instrument to streamline implementation of tax treaty-related BEPS measures;
- an implementation package for country-by-country reporting in 2016 and a related government-to-government exchange mechanism to start in 2017;
- criteria to assess whether preferential treatment regimes for intellectual property (patent boxes) are harmful or not.
In addition, they will discuss upcoming discussion drafts and public consultations, and provide a progress report of the 2015 Deliverables to date.
WSIS+10 Overall Review of the Implementation of the WSIS OutcomesDr Lendy Spires
This document presents a review of the progress made in the implementation of Action Line C7 (E-business) since the first World Summit on the Information Society (WSIS) in 2003. It is based on the 10-Years Review Report Template contained in the WSIS Forum 2012: Outcome Document. As Action Line facilitators, the UN Conference on Trade and Development (UNCTAD), the International Trade Centre (ITC) and the Universal Postal Union (UPU) have supported eight facilitation meetings in Geneva, since 2009 as part of the annual WSIS Forum.
These meetings have provided a venue for different stakeholders to exchange views and experiences with regard to trends, impact and policies related to e-business (box 1). Box 1. Action line facilitation meetings related to E-business, 2006-2013 E-business action line meetings have focused on a number of issues since 2005, covering the various aspects highlighted in the Geneva Plan of Action under e-business. The meetings have occasionally been organized jointly with other action lines. 2006: E-Business and and E-employment (with e-employment action line) 2007: ICTs, Global Supply Chains and Development (with e-employment action line) 2008: E-Commerce as a Key Facilitator for SME Competitiveness 2009: E-Business and Poverty Alleviation 2010: ICT and Rural Enterprise (with e-agriculture action line) 2011:
The Promise of Mobile Technology (with e-agriculture action line) 2012: Promoting the Domestic ICT Sector 2013: E-Commerce and Development Source: UNCTAD, ITC and UPU. In 2012-2013, the facilitators jointly organized an open consultation on the e- business action line. A wide range of stakeholders, such as trade bodies, international organizations, businesses, governments and civil society across the globe took part in the consultation. The findings of this process were presented at the WSIS+10 Review meeting held in Paris at the UNESCO Headquarters in February 2013.
In between the annual WSIS Forums and related meetings, the respective work programmes of the three co-facilitators have continuously supported the implementation of the action line on e-business. The International Labour Organization (ILO) was among the original co-facilitators of this action line but has not been active after 2008.
Digitalisation has a wide range of implications for taxation, impacting tax policy and tax administration at both the domestic and international level. As a result, the tax policy implications of digitalisation have been at the centre of the recent global debate over whether or not international tax rules continue to be fit for purpose in an increasingly changing environment.
1. Global Forum on Remittances
and Development 2015
Milan 16-19 June 2015
2. G20 Historical Agenda on Reducing
Cost of Remittances
In July 2009, at L´Aquila summit, the G8 made a pledge to achieve in
particular the objective of a reduction of the global average costs of
transferring remittances from 10% to 5% in 5 years (5x5 Objective).
The World Bank was asked to create the Global Remittances Working
Group (GRWG) to facilitate and coordinate international efforts to
make remittance markets more efficient and reduce the cost.
GRWG was created in February 2009 as a multi year platform to provide
guidance and policy options to the community.
In 2008 the World Bank began to survey and publish the prices of
remittances worldwide through the Remittance Prices Worldwide
database (RPW).
3. In 2010 Seoul Summmit, the G20 committed to a
significant reduction in the cost of remittance.
In 2011 Cannes Summit, the G20 further defined their
commitment in the reduction of the cost of remittances
by formally including the «5x5 Objective»
2011 Report of the Development Working Group (DWG)
developed a toolkit of measures that have proven to be
effective in reducing remittance costs.
G20 Historical Agenda on Reducing
Cost of Remittances-2
4. In 2014 Brisbane Summit, leaders made a recommitment
for reducing remittance costs.
Financial Inclusion Action Plan (FIAP) which provides a
framework for the works to be undertaken over the next
five years was updated.
A Plan to Facilitate Remittance Flows, guiding to the
Works on evidence based new policies was issued.
2014 Works on Remittances
5. The template of the country plans was discussed and
agreed at the first DWG meeting.
Members provided an overview of their country plans,
and peer support arrangements were discussed at the
second DWG meeting.
Peer support arrangements have been designed to seek
the opportunity of sharing knowledge and expertise,
ensuring technical input from the GPFI and its
implementing partners
The Progress Achieved in 2015
6. Peer support group teleconferences took place in May. The
groups were established according to geographical regions
and remittance corridors.
Group A: Australia, China, Indonesia, Japan and Korea.
Group B: Argentina, Brazil, Canada, Mexico and USA.
Group C: EU, India, Saudi Arabia, South Africa and UK.
Group D: France, Germany, Italy, Russia and Turkey.
Teleconferences have been beneficial for all members by
giving the opportunity to share draft country plans in advance.
Peer Support Group Teleconferences
7. Following the teleconferences, draft country plans have
been submitted to us.
They have been circulated to members and related parties
as of 2 June, 2015.
Draft plans focus on mostly;
Increasing competition
Regulation
New entrance to the market
Enhancing transparency
Consumer protection regulations
Price comparison websites
Improving Infrastructure and new technologies
Draft Country Plans
8. The plan focuses on three components:
Improving transparency: Fees charged by each bank for
transferring a particular amount of money will be disclosed on
the website of Banking Regulation and Supervision Agency.
Increasing competitiveness: The new law will contribute to
the entrance of non-bank payment service providers into the
formal remittances market.
15 applications have been received so far,
2 of them were GSM operators
Facilitating the use of new technologies: With the
enforcement of new regulation, private sector is expected to
accelerate their efforts on creative technology solutions
Turkey’s Country Plan
9. Banks’ de-risking activities, including in relation to MTOs
that provide international remittance services, have been
reported.
G20 asked the World Bank to perform a survey on the de-
risking issue.
Data will be collected from 19 member countries on the
key drivers and outcomes of the de-risking activities,
specifically as they may affect international remittance
flows.
De-risking Issue
10. The plans expected to be finalized in advance of the
fourth Development Working Group meeting and
submitted to us by September 3rd.
The fourth DWG meeting will take place on
September 14-16.
The final country plans will be submitted to Sherpas
for consideration at their meeting on October 13-14
Our Work Plan for the Near Future
11. The mechanisms to monitor ongoing implementation
of country plans should be identified by the GPFI.
Analytical advice on the impact of country plans
should be provided by relevant international
organizations.
Monitoring Country Plans