2.9 % projected global growth in 2026 3.0 % projected global growth in 2027
will ensure that developing coun- tries have access to the resources they need to achieve sustainable growth. The OECD contributes to these efforts by providing comprehensive data on development finance flows and through our Blended Finance Guidance and our Foreign Direct Investment Qualities Policy Toolkit. The ongoing review of the Develop- ment Assistance Committee is helping to ensure that development coopera- tion remains fit for purpose. Artificial intelligence offers massive potential to boost productivity and growth. OECD estimates indicate that, depending on the pace of adoption, AI could contribute between 0.2 and 1.3 percentage points per year to labour productivity growth in G7 countries over the next decade. Unlocking this potential requires creating the right enabling conditions, including invest- ing in digital infrastructure and skills and establishing appropriate safe- guards. The OECD is supporting safe, secure and trustworthy AI adop-
tion through ongoing revisions to the Hiroshima AI Process Reporting Framework, focusing on transpar- ency, good governance and sound AI risk management processes. The OECD is also developing an online tool to assess and support AI readiness for small and medium-sized enter- prises and is engaged in further work on minors’ safety online, digital policy and productivity. Together, we have an opportunity to strengthen the foundations for future growth. Ambitious reforms are needed to address the structural issues that have long held back growth, including supporting better functioning global markets, accelerating technologi- cal adoption for stronger productivity and innovation, and fostering stronger partnerships for sustainable devel- opment. The G7 plays a central role in providing political direction and coordination for these reforms, which the OECD will continue to support through evidence-based analysis and practical policy insights.
// 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 premier of Western Australia. Born in Belgium, he graduated in law at 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
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