Secretary of State Hillary Clinton delivered remarks earlier today commemorating the 50th anniversary of the OECD. As chair of the OECD’s 2011 Ministerial Council Meeting, Secretary Clinton highlighted “the ‘D’ at the end of the title,” analyzing the OECD’s role in crafting “more effective development practices.”
After discussing the OECD’s success over the past half-century, Secretary Clinton reiterated that we live in a different world facing “dramatic economic changes.” As the OECD moves forward, it will engage with a new set of nations, from emerging democracies in the Middle East to growing powers in Brazil, China, India, Indonesia, and South Africa. Secretary Clinton emphasized the importance of reaching out to these nations, sharing best practices, and raising standards.
Secretary Clinton discussed development in broad terms, noting that “aid, while it remains essential, is not enough to deliver sustainable growth.” To harness economic opportunities across the globe, nations must implement key policy reforms. Secretary Clinton pointed to increased transparency, equitable tax systems, and anti-corruption measures as values shared throughout the OECD and efforts that will ensure country ownership.
Secretary Clinton’s remarks on effective, country-led development set the stage for tomorrow’s program—where she will elaborate on points made in today’s remarks during a keynote address. A panel discussing “A New Paradigm for Development” will build on the themes of engagement and cooperation laid out in the speech. The U.S. has elevated development as a key pillar of its foreign policy: it will now look for effective strategies that enable the OECD to do the same.
Secretary Clinton’s full remarks are available here. A video of her remarks can be found below.
Be sure to check back on the blog and on Twitter @ModernizeAid for updates on statements and panel discussions as the Ministerial Meetings wind down.