The chancellor raised revise eligibility criteria as this is crucial for the allocation of funds.
“It is necessary that the OECD recognizes the challenges facing Uruguay and Latin America to continue as recipients of aid, given that the eligibility criteria are based on the product per person of each country, “said Foreign Minister Rodolfo Nin Novoa.
He also emphasized the compatibility between the principles of the block and the national strategic priority to continue attracting foreign direct investment. As part of the presentation of Multidimensional Study of Uruguay made yesterday by the authorities Development Centre of the OECD (Organisation for Economic Co-operation and Development), Foreign Minister Nin Novoa referred to the situation of Uruguay on access to economic and financial assistance cooperation funds and the country’s participation in the orbit of this block that gathers several industrialized countries and developing. Nin Novoa said the report came at the request of the Uruguayan government in 2012, ensuring that the Development Centre will identify obstacles that might exist for the development of industrial mass.
“This demonstrates the conviction, both of the previous and the current administration, that this way of approaching the OECD represents an added value for Uruguay and is functional to our goals for growth in the medium and long term, “he reflected. The hierarch referred to the current dynamics using the gross domestic product (GDP) per person of the countries as the only indicator to define eligibility criteria for the allocation of funds for international cooperation.
“Latin America and Uruguay in particular face serious challenges remain recipients of official development assistance and, in this context, it is crucial that the OECD recognizes the challenges and favorably consider creating new categories of developing countries currently not eligible for allocation funds, “he said. Specifically, with respect to the conclusions that throws the study, the chancellor said that some of them are particularly sensitive to their role in the field of external relations.
Among other things, first it is to identify Asia as a dynamic market on which to work, seeking greater international insertion of Uruguay’s value chain, secondly continue to give the export sector service elements to position strongly the country in that area and, finally, reassert the importance that would be better coordination between local institutions to address more effectively the expansion of the external agenda.
Nin Novoa said that reports and standards published by the OECD on the performance of Uruguay on issues such as education, climate change , value chains, cross-border tax policies, agriculture and governance are related to other international organizations, including United Nations (UN) and rating companies financial risk are crucial to attracting foreign investment.
“the fact that we are full members and founders of the Global forum on transparency and exchange of tax information with 129 jurisdictions more, it is a clear reaffirmation in this regard,” he said.
on the other hand, emphasized the compatibility between the guiding principles of the OECD and national strategic priority for continuing inflows of foreign direct investment.
“This finding is widely meaningful and beneficial to the country as has to do with the international economy and our country’s image, “he said.
” we are a serious, responsible economy, he intends to do things well and transparently, “he argued.
“for a country the size of Uruguay, this class of intangible assets are critical because sow trust and build credibility,” he added.
he also said that Uruguay is showing clear signs of approaching the body , participating in open to nonmembers through forums instances to obtain the information that underpins global players to define their own policies.
“integral vision”
“You need to have a holistic view of the process of economic, social and political development of the country,” he noted for his part Minister Danilo Astori in the presentation by the OECD. Indeed, “the government is challenged to ensure coordination between these policies because not any growth leads to inclusion,” he said.
“There is a direct relationship between the content of studies multidimensional type and quality of public policies that are drawn from these studies, “said Astori in his speech in the act of spreading the study of the Organisation for Economic Co-operation and Development (OECD).
work OECD, within which are all countries of the industrialized North, contains an analysis of different aspects of the Uruguayan reality and makes policy recommendations to overcome obstacles to economic and social development. Minister of Economy and Finance added that such studies are characterized by preventing surface and uniform approach to certain variables and factors of economic and social progress of a country.
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