OECD: Rethinking Public Policy Can Contribute to a Stronger Recovery from Pandemic

The Organization for Economic Co-operation and Development (OECD) said on Wednesday that rethinking public action could help a stronger, more resilient, fairer and more sustainable recovery from the epidemic.

The Kovid-19 epidemic has caused social and economic disruption worldwide, but it also provides an opportunity for governments to put their economies on a more sustainable and inclusive growth path by addressing underlying issues. : Towards a Dynamic Recovery ”, published by OECD.

In this report, the Paris-based international organization analyzes the failures that already existed and causes the epidemic, and provides country-specific advice to policy makers to help them take advantage of the crisis.

Launched by OECD Secretary-General Angel Guria and Italian Economy and Finance Minister Daniel Franco, just after the second meeting of finance ministers and central bank governors of the G20 countries, which took place on 7 April, the report presents a series of recommendations that would have served Are as a framework for discussion within the G20 on strategies to be implemented to promote a dynamic economic recovery and to promote stronger and better growth, the OECD notes in a statement.

The report proposes a policy reform framework that revolves around three axes: working for flexibility and stability, facilitating redistribution of resources and encouraging productivity growth, and supporting populations in times of crisis.

The guidance for governments set out in Going for Growth takes the form of country notes for OECD member states and key partners (Argentina, Brazil, China, India, Indonesia and South Africa), notes the international organization.

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