Angel Gurria

The Paris-based Organization for Economic Co-operation and Development (OECD) is ready to help European countries deal with the refugee crisis, a senior Turkish diplomat has told Anadolu Agency.

Top officials from the world's major 20 economies (G-20) and global business leaders have agreed on the latter's 19-item list of demands to solve problems in the world economy, upon a meeting in Ankara attended by treasury ministers, central bank heads from the G-20 countries and business leaders from the international business community, daily Hürriyet reported on Sept. 6.

Turkish Deputy Prime Minister Cevdet Y?lmaz has joined Organization for Economic Cooperation and Development (OECD) Secretary-General Angel Gurria to present the newly revised G20 Principles of Corporate Governance.
      
Corporate governance is a set of rules to ensure that companies are run fairly and equitably.
      

Deputy Prime Minister Ali Babacan, who entered the 58th government in 2002 as the youngest cabinet member and sat at the seat of state minister responsible of economy at the age of 38, has been replaced by Cevdet Y?lmaz, who was the minister for development.

Greece and its international creditors have 72 hours to resolve their differences, with the likelihood of a default seeming more likely as the tock ticks on. Eyes are now turned to European Central Bank Chief Mario Draghi and the central bank meeting on Wednesday that will decide whether funding for Greek banks will continue through European Liquidity Assistance (ELA).

Income inequality has reached record highs in most OECD countries and remains at even higher levels in many emerging economies, said the organization in a new report. The richest 10 per cent of the population in the OECD now earn 9.6 times the income of the poorest 10 per cent, up from 7:1 in the 1980s and 9:1 in the 2000s, according to the OECD report. 

Turkish Deputy Prime Minister Ali Babacan will visit the United States to attend a series of international meetings, including the G-20 meetings, between April 15 and 21. 

Representatives from G20 and Organization for Economic Cooperation and Development (OECD) countries will meet in Istanbul on April 10 to discuss how companies can avoid financial risks.

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OECD General-Secretary Ángel Gurría on Tuesday emphasized that the Troika is not responsible for the Greek government's problems, in statements published by the Italian newspaper "Il Sole 24", where he adds that the Athens' problems didn't begin five years ago but much further back.