With growth slowing and families struggling to make ends meet, it is an appalling injustice when money ends up in the hands of criminals – money that could be spent on much-needed global growth and development” // MATHIAS CORMANN Mathias Cormann was appointed secretary general of the Organisation for Economic Co-operation and Development in 2021. Previously, he served as Australia’s finance minister, government leader in the Australian Senate and federal senator representing the State of Western Australia. He also worked as chief of staff and senior adviser to various state and federal ministers in Australia and for the pre- mier of Western Australia. Born in Belgium, he graduated in law from the Flemish Catholic University of Louvain (Leuven), following studies at the University of Namur and the University of East Anglia.
X-TWITTER @MathiasCormann @oecd oecd.org
As an organisation that brings together like-minded market-based democracies from around the world, and as a source of objective, reliable data and evidence-based analysis, the Organisation for Economic Co-operation and Development is proud to have provided longstanding support for effective outcomes at the G7. This year, under Canada’s presidency, is no different. We are supporting several of Canada’s key priorities, including the following. On structural reforms to strengthen the foundations for growth, the OECD is supporting the G7’s growth agenda with policy advice focused on structural reforms that tackle both sluggish growth and fiscal pressures, from pro-competition and innovation policies to labour, prod- uct market, governance and education reforms. To help harness the benefits of AI for productivity and growth, the OECD is supporting the proposed G7 blueprint for AI adoption with our latest evidence and policy advice, focusing on small- and medium-sized enterprises. Our contri- butions leverage our Digital Economic Outlook and AI Diffusion Project, along with the OECD Recommendation on AI, the first intergovernmental standard for trustworthy, human-centred AI. BUILDING RESILIENT, RESPONSIBLE SUPPLY CHAINS On strengthening the resilience of the supply chains underpinning global growth, the OECD is leveraging our data and key standards in areas such as responsible business conduct, to support the G7’s work to expand and mitigate risks in critical mineral supply chains. In 2025, the OECD is also convening a series of dialogues with partners in Africa, Asia and Latin America in partnership with Canada’s G7 presidency and South Afri- ca’s 2025 G20 presidency. These dialogues
aim to explore how multilateral coop- eration can harness the development potential of critical mineral investment, and to strengthen coordination between the G7 and G20 on critical minerals. On increasing private capital mobi- lisation for infrastructure, the OECD continues to support the G7 Partnership for Global Infrastructure and Invest- ment. Building on our contributions to previous G7 presidencies, we are also enhancing global investment opportu- nities through initiatives such as the African Union–OECD African Virtual Investment Platform, which will provide better information on investment oppor- tunities across the continent and help address risk misperceptions. Fourth, on fostering Ukraine’s recov- ery, reconstruction and long-term growth, the OECD is advancing the implementation of the OECD-Ukraine Country Programme, including by final- ising the Economic Survey of Ukraine, which will deliver recommendations to strengthen financial stability, improve the business environment and foster eco- nomic growth. We are also continuing our engagement in G7-led international processes such as the Ukraine Donor Platform, where we provide our exper- tise, data and analytical capacity to help promote the adoption of benchmarks and internationally agreed standards. Despite a challenging geopolitical environment, there is a great deal that we can continue to do to unlock stronger, more resilient growth and new opportu- nities in our economies, while tackling key shared challenges. In this, multi- lateral cooperation remains our most powerful tool. The OECD will continue to provide our evidence base and analy- sis to help support effective outcomes at the G7 for a brighter, more prosperous future.
sustainability, although well-coordinated policies are essential to maximise positive spillovers and, ultimately, to reduce costs, while addressing negative spillovers such as carbon leakage. TACKLING CHALLENGES THROUGH SHARED EXPERTISE Across all these challenges, multilateral dialogue and cooperation will be essential for governments to share their experi- ences with what works and what does not, and to coordinate their efforts. The G7, marking its 50th anniversary this year, remains an indispensable forum for this cooperation.
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