OECD.org

One in four students in OECD countries are unable to complete even the most basic reading tasks and are likely to struggle to find their way through life in an increasingly volatile, digital world. This is one of the findings of the OECD’s latest PISA global education test, which evaluates the quality, equity and efficiency of school systems.

Donor countries must do more to bring development finance into line with climate goals, raising the share used for climate action and reducing to zero the amount that supports new fossil fuel activities, according to a new OECD report. The report finds that only 20% of development finance includes a focus on climate change.

Governments should urgently reform their pension systems to ensure that the growing share of workers in temporary and part-time employment can contribute enough during their working lives to receive an adequate income in retirement, according to a new OECD report.

New transparency standards to fight offshore tax evasion are proving successful, a report to the 10th anniversary meeting of the Global Forum shows. Over EUR 100 billion in additional tax revenue has been identified since 2009, and in 2018 nearly 100 member jurisdictions automatically exchanged information on 47 million financial accounts.

Trade conflict, weak business investment and persistent political uncertainty are weighing down on the world economy and raising the risk of long-term stagnation, according to the OECD’s latest Economic Outlook.